Yesterday US stocks rallied once again, although unemployment claims were higher than expected, reaching 403K with a forecast of 394K. The Dow rose 52.45 points, to 12505.99, the Nasdaq Composite gained 17.65, to 2,820.16,and the Standard &...
Traders watching the price of oil climbing with despair were disheartened yesterday as shifts in risk sentiment and thin holiday trading conditions helped push the price of oil over $112 a barrel. Both US President Barack Obama...
Most of the broad markets will be closed today meaning that any trading that takes place could see a sudden burst of energy from a large position. However, until Monday afternoon when the Americans open for business...
Hello everyone. As many of the world markets are closed for bank holidays, let’s look at an analysis for all you European-Yen cross traders – the GBP/JPY.
The GBP/USD broke the 1.64 mark today, showing that it is continuing to strengthen. This is especially true since the last low only feel a couple of handles. This pair looks ready to charge at 1.65, and...
The USD/CHF fell hard today, showing that the sellers have stepped back in. The all-time lows have been broken, and this shows fresh selling is happening. Because of this, the long-term bearish trend is in full force,...
The EUR/USD broke the 1.45 mark on a close today, signaling more buying to be had. Because of this, we are even more adamant about not wanting to be short this market. Buying on pullbacks is the...
The USD/JPY was very quiet today, sitting at the important 82.50 area. This area looks to be support, but only time will tell if that is true. Waiting to see a massive move in one direction or...
The AUD/USD has reached and moved beyond our projected 1.07 target today, as the bulls keep buying this pair. Certainly it looks like a pullback could be needed – but selling isn’t an option. Simply wait until...
US dollar weakness brings competitors to new maximums.
