Market Info

GBP/USD: Break and Retest Scenario (April 9, 2013)

Thanks to weaker than expected U.S. jobs data, GBP/USD breached the 1.5250 minor psychological resistance on Friday and climbed all the way up to the 1.5350 mark. 

Forex Major Currencies Outlook (April 8, 2013)

USD

The U.S. economy showed weaker than expected jobs growth for March as the NFP report printed an 88K figure instead of the projected 198K increase. 

USD/CHF Break and Retest Scenario (April 8, 2013)

The disappointing March NFP from the U.S. triggered a sharp selloff for USD/CHF, taking the pair below the .9400 significant support level and bottom of the previous range. 

Forex Major Currencies Outlook (April 5, 2013)

USD                      

The U.S. dollar rallied against most of its counterparts during the Asian session and first few hours of the London session as the strong USD/JPY rally affected other dollar pairs. 

AUD/USD Double Top: NFP Bounce or Break? (April 5, 2013)

On its 4-hour time frame, AUD/USD has formed a double top formation as it failed to break past the 1.0500 major psychological resistance over the past few weeks. 

Forex Major Currencies Outlook (April 4, 2013)

USD

The U.S. dollar suffered another selloff during yesterday’s trading as the economy printed a couple of weaker than expected data.

Ahead of the BOE Decision: GBP/USD Double Top (April 4, 2013)

After making a strong selloff from the 1.5250 minor psychological resistance and previous week highs, GBP/USD found support around the 1.5100 major psychological level. 

Forex Major Currencies Outlook (April 3, 2013)

USD

A couple of top-tier data are due from the US today. These are the ADP non-farm employment change and the ISM non-manufacturing PMI.

GBP/USD: Trading the Construction PMI Release (April 3, 2013)

The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations. 

EUR/USD: Retest of Former Support (April 2, 2013)

Thanks to its recent rallies for the first few trading sessions this week, EUR/USD was able to pull up to the former support level around the 1.2850 minor psychological handle.