Is the EURUSD correction over? – Paxforex
The EURUSD has dropped sharply and looking just at the chart it seems as if there is no end in sight as traders do not want to try and catch a falling dagger. From a technical perspective...
Author: Paxforex
Will the British Pound rebound? – Paxforex
The British Pound has lost a lot of ground over the past few trading weeks as forex traders decided to take profits after a strong rally. The rally in the British Pound which lasted several months was...
China slams on the breaks – Paxforex
The Chinese government, currently trying to manage an economic slowdown in the country, is not following the ill-advised short-term approach to fiscal easing amidst what some refer to as a mild economic crisis with ripple effect throughout...
Global Employment Picture Sours – Paxforex
Many forex traders are only concerned with the headline non-farm payrolls figures released out of the US which have painted a not-so-bright picture themselves. The US economy continues to shed full-time positions and replaces them with part-time...
Will US NFP Disappoint Tomorrow? – Paxforex
Forex traders will get July’s non-farm payroll report tomorrow and expectations call for a headline figure of 231,000 new jobs while the unemployment rate is expected to remain unchanged at 6.1%. Many new traders are focused on...
Is US Dollar Strength Justified? – Paxforex
The US Dollar has rallied during this week’s trading session especially gains the Euro and there has been an increase in US Dollar bulls in the market place. The US currency did rally from a very low...
Is the Canadian Dollar overvalued? – Paxforex
The Canadian Dollar has rallied from multi-month lows, especially against its Southern neighbor the US Dollar. The rally lasted in excess of 650 pips from an intra-day high of 1.1278 reached on March 20th 2014 to an...
Has the British Pound rallied too far? – Paxforex
The British Pound has rallied very strong so far this year. The rally has been a continuation of strong bullish trends which emerged in the second-half of 2013. The rally has been largely fueled as forex traders...
How strong was June’s US NFP report? – Paxforex
On Thursday forex traders received a rather big NFP report. As you know the NFP report is usually released on Friday’s, but due to the Independence Day holiday celebrated on Friday the report was moved to Thursday....
US GDP Down, Housing Up – Paxforex
US GDP was revised sharply lower today which pressured the US Dollar. First-quarter GDP was initially stated at a contraction of 1.0%. US equity markets brushed off the disappointment and rallied higher while the US Dollar struggled...