Market Info

AUD/USD Falling Channel (July 17, 2013)

AUD/USD’s rally might soon be over as the pair is finding resistance at the top of the falling channel on the 1-hour time frame. Stochastic just crossed down from the overbought region and is pointing down, suggesting heavy selling pressure up ahead.

Forex Major Currencies Outlook (July 16, 2013)

USD

The US dollar lost its legs in yesterday’s trading as it was weighed down by weaker than expected US retail sales. 

GBP/USD: Asian Box Setup (July 16, 2013)

GBP/USD is making a tight consolidation pattern on its shorter-term time frames (1-hour and 15-minute charts), as traders await the release of the UK CPI data.

Forex Major Currencies Outlook (July 12, 2013)

USD 

The US dollar had a mixed performance in yesterday’s trading as it lost ground to the euro and pound, but managed to score gains against the Australian dollar and New Zealand dollar. 

USD/CAD Resistance Turned Support (July 12, 2013)

The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area. 

Forex Major Currencies Outlook (July 11, 2013)

USD 

The US dollar was sold off heavily in yesterday’s US session, as the minutes of the FOMC meeting showed that there was a lot of dissent surrounding the proposed stimulus taper schedule. 

Major Correction on USD/JPY (July 11, 2013)

USD/JPY suffered heavy selling pressure in yesterday’s trading when the FOMC meeting minutes revealed that not all Fed officials are in agreement with Bernanke’s tapering schedule. 

Forex Major Currencies Outlook (July 10, 2013)

USD

Once again, the US dollar proved its strength against the euro and the pound. EUR/USD dipped to fresh lows around the 1.2775 area while GBP/USD fell below the 1.4900 handle.

USD/CAD: FOMC Minutes Setup (July 10, 2013)

USD/CAD is trending higher on its 1-hour time frame after it found support around the 1.0500 area. 

Forex Major Currencies Outlook (July 9, 2013)

USD

The US dollar lost ground to most of its major counterparts in yesterday’s trading, as traders took profits off their positions from last week.