Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders...
The U.S. Dollar and Crude Oil experienced much bullishness in yesterday’s trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner’s optimistic speech regarding the U.S. economy. This helped the Dollar record a...
The U.S Consumer Confidence report which was released yesterday, gave a surprisingly positive result, suggesting that the public is retaining its faith in the North-American economy. In today’s trading, traders should pay special attention to the Existing...
Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered...
Many forex traders witnessing the strong bearish trends across the USD pairs and crosses have been wondering when it will come to an end. As last week’s U.S. housing market data and unemployment figures proved worse than...
USDCAD remains in downtrend from 1.3063. More quick moves towards 1.0700 is expected in a couple of weeks. Initial resistance remains at the falling trend line from 1.2504 to 1.1813. As long as the trend line resistance...
USDCHF remains in downtrend from 1.1740. As long as the falling trend line on daily chart resistance holds, we’d expect the downtrend to continue and deeper decline is possible to 1.0500 level in a couple of weeks....
USDJPY’s downtrend from 101.43 extends further to as low as 93.85 level. Deeper decline to test 93.53 long term key support is expected next week. A break down below this level will indicate that a cycle top...
AUDUSD stays above the rising trend line on daily chart and remains in uptrend from 0.6284. However, the price action from 0.7709 is more likely consolidation of the uptrend. Pullback to test 0.7449 support would more likely...
GBPUSD remains in uptrend from 1.4397. Further rally is still in favor next week and target is at 1.6300-1.6500 area. Near term support is at 1.5500, as long as this level holds, we’d expect the uptrend to...
