Market Info

Forex Major Currencies Outlook (September 18, 2013)

USD 

The US dollar edged lower against its counterparts but seems to be consolidating for today’s Asian session, as traders are awaiting the FOMC statement. 

NZD/USD: Rising Trend Line (September 18, 2013)

NZD/USD has been on a very strong uptrend since the start of the month, as the RBNZ’s hawkish remarks and risk appetite have been spporting the pair.

Forex Major Currencies Outlook (September 17, 2013)

USD

The Greenback still gave up some ground to the major currencies during yesterday’s trading, as news of Summers’ withdrawal from the Fed head race led to more dollar-selling. 

GBP/USD Rising Channel Support (September 17, 2013)

GBP/USD is still on its current uptrend, based on the rising channel on the pair’s 1-hour time frame. 

Forex Major Currencies Outlook (September 16, 2013)

USD

The US dollar lost ground to most of its major counterparts on Friday’s New York session, as the retail sales report printed weaker than expected results. 

USD/JPY Resistance Turned Support (September 16, 2013)

USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce.

Forex Major Currencies Outlook (September 13, 2013)

USD

With the US retail sales report coming up, the US dollar was stuck mostly in consolidation against its counterparts. 

Trading the US Retail Sales Report (September 13, 2013)

NZD/USD has been trending higher on its 1-hour time frame, thanks to rate hike speculations confirmed by the recent RBNZ meeting. 

Forex Major Currencies Outlook (September 12, 2013)

USD
The US Dollar extended its losing streak yesterday, as there were no reports for the currency to draw support from. At the same time, the risk rallies aren’t doing so good for the safe-haven dollar. 

NZD/USD Reaction to RBNZ Statement (September 12, 2013)

RBNZ Governor Graeme Wheeler also adopted forward guidance in his latest rate decision in saying that the central bank is looking to increase interest rates by next year. According to him, the recovery in the housing sector and the rise in commodity prices could lift inflationary pressures and require a rate hike.