Fundamental Report – April 2, 2013: RBA Keeps Rates Steady but Leaves Door Open For Cuts

Fundamental Report – April 2, 2013: RBA Keeps Rates Steady but Leaves Door Open For Cuts
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The Reserve Bank of Australia (RBA) held its benchmark interest rate steady at 3.0%. This level marks the record low, as the central bank looks to support the nation’s economic recovery prospects. The RBA’s decision to hold rates unchanged (rather than implementing further reductions) was based on improvements in household spending, eliminating the need for […]

Technical Report – April 2, 2013: Euro Finds New Lows for the Year

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Chart of the Day: EUR/JPY EUR/JPY: The EUR/JPY continues to obey the levels outlined last week, with price failures at 121.70 opening the way for new yearly lows. The EUR/JPY has found small numbers of buyers into support at 119.50 but this is looking like a “dead cat bounce,” as prices have yet to overcome […]

Fundamental Report – March 27, 2013: US GDP to Give Dollar Direction into Weekly Close

Fundamental Report – March 27, 2013: US GDP to Give Dollar Direction into Weekly Close
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The downtrend in the Euro is building in momentum as the safe haven US Dollar gains alongside the “anti-carry trade” currency in a clear expression of negative market sentiment. The best indication of this comes from the fact that both stock markets and high yielding currencies are being sold-off at the same time and this […]

Technical Report – March 27, 2013: Euro Still Under Pressure as Technical Support Breaks

Technical Report – March 27, 2013: Euro Still Under Pressure as Technical Support Breaks
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Chart of the Day: EUR/JPY EUR/JPY: The EUR/JPY has has obeyed the expected trajectory of the previously seen descending triangle, breaking significant triple bottom support at 121.60 level mentioned in our last technical report. This area became support turned resistance and contained prices after short sellers took profits and created a short term rally. Prices […]

Perth Trading and Investing Expo: March 23-24th, 2013

Perth Trading and Investing Expo: March 23-24th, 2013
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  The Trading and Investing Expo is our industries roadshow of all that is new and exciting in wealth creation here in Australia. Combined with the Property expo; the Perth Convention and Exhibition Centre was the  best place in town for those proactively interested in bettering their financial future. Although the attendance was lower than expected; it was apparent how well […]

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Fundamental Report – March 26, 2013: Euro Heads Lower Despite Bailout Deal for Cyprus

Fundamental Report – March 26, 2013:  Euro Heads Lower Despite Bailout Deal for Cyprus
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The US Dollar is gaining on the Euro into the start of the week, as investors have largely ignored the latest bailout deal in Cyprus, based on concerns over capital flight and the possibility that bank liquidity issues could still create financial problems for the surrounding areas. The latest news is that the Troika (made […]

Technical Report – March 25, 2013: Euro Breaks Medium Term Downtrend Channel

Technical Report – March 25, 2013: Euro Breaks Medium Term Downtrend Channel
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Chart of the Day: EUR/USD EUR/USD: The EUR/USD is starting to show some positive signs of reversal, as prices begin the week with an upside break of its medium term downtrend channel (which began in early February). The first critical level on the short term charts was seen at 1.2970, and this area is expected […]

Fundamental Report – March 21, 2013: Federal Reserve Comments Create Bullish Scenario for High Yielders

Fundamental Report – March 21, 2013: Federal Reserve Comments Create Bullish Scenario for High Yielders
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The US Dollar is trading near its highs for the week against the Euro, as the results from the latest Federal Reserve monetary policy meeting were mostly supportive in light of recent uncertainties negatively influencing financial markets. The end result of this week’s main fundamental event showed no change in interest rates and comments from […]

Fundamental Report – March 20, 2013: US Dollar Gains Ahead of FOMC Policy Meeting

Fundamental Report – March 20, 2013: US Dollar Gains Ahead of FOMC Policy Meeting
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The US Dollar is trading broadly higher against most of its major counterparts ahead of this week’s interest rate decision from the US Federal Reserve, and following the disruptive banking news out of Cyprus (which prompted Dollar buying as a safe haven currency). The latest news out of Cyprus shows a parliamentary vote rejecting the […]

Technical Report – March 20, 2013: Dollar Higher after Increased Volatility

Technical Report – March 20, 2013:  Dollar Higher after Increased Volatility
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USD/JPY: The USD/JPY is caught in a symmetrical triangle on the hourly charts, and the break of this channel will likely determine the overriding direction seen in the pair for the remainder of the week. An upside break of the triangle will first suggest a retest of resistance at 95.80. This area is the 61.8% […]