Market Info

Forex Major Currencies Outlook (October 31, 2013)

USD

The US dollar staged a surprise rally after the FOMC interest rate decision, as Chairman Bernanke sounded less dovish with his economic assessment and outlook. 

GBP/USD Long-Term Reversal? (October 31, 2013)

GBP/USD’s recent rallies seem to be over as the pair ranged between the 1.6200 handle and the 1.6000 area in the past few weeks. In fact, a reversal chart pattern can be seen on the daily time frame, as the pair made a double top formation.

Forex Major Currencies Outlook (October 30, 2013)

USD

The US dollar was able to advance against its major counterparts in yesterday’s trading as risk aversion kept the lower-yielding currency afloat.

USD/CHF Support Turned Resistance at .9000? (October 30, 2013)

Risk aversion has been keeping the franc’s gains at bay, as USD/CHF recently bounced off the .8900 major psychological support. Perhaps franc bulls are waiting for more buying momentum before pushing this pair lower.

Forex Major Currencies Outlook (October 29, 2013)

USD

The US dollar made a feeble recovery against its major counterparts on Monday, as the safe-haven currency gained against the British pound and the Swiss franc. 

AUD/USD: Ascending Channel Support (October 29, 2013)

On its 4-hour time frame, AUD/USD’s highs and lows can be connected to form an ascending channel. This shows that the pair’s uptrend is still intact, provided that the bottom of the channel holds as support for now.

Forex Major Currencies Outlook (October 28, 2013)

USD

The US dollar had a mixed performance against its major currency counterparts, as it consolidated against the euro and yen but gained ground against the commodity currencies. 

GBP/USD: Trading the CBI Realized Sales (October 28, 2013)

There isn’t much in terms of data in today’s economic schedule, but there could be an opportunity for a quick scalp trade for GBP/USD. 

Forex Major Currencies Outlook (October 25, 2013)

USD

The US dollar had a mixed performance yesterday, as it managed to extend its gains against the commodity currencies but was stuck in consolidation to the euro and the yen. 

Long-term Pullback on NZD/USD (October 25, 2013)

For the Kiwi bulls, the recent selloff in the Kiwi might be an opportunity to catch a long trade at a better price. However, the pair has still a few hundred pips to go before reaching potential buy zones.