Fundamental Report – April 23, 2013: US Dollar Higher Ahead of GDP Release
The EUR/USD is trading heavy on broad Dollar strength as traders prepare for the US GDP report as an event to guide the next major direction. Most of the recent direction has been guided by corporate earnings, which many forex traders tend to disregard […]
Technical Report – April 23, 2013: AUD/USD Breaks Critical Fib Support
Chart of the Day: AUD/USD AUD/USD: The AUD/USD saw a continuation of its previous short term declines and the pair has now broken critical Fib support after failing at the upper end of its long term symmetrical triangle. This is an extremely bearish ev […]
Fundamental Report – April 22, 2013: Euro Bounces on Favorable ECB Headlines
The EUR/USD is attempting a rebound into the end of the week, as traders deal with rumors suggesting the ECB is looking to implement additional measures to maintain the integrity of the European Monetary Union and prevent the need for any of the most h […]
Fundamental Report – April 18, 2013: Euro Moves Higher Despite Weak German Consumer Confidence
The EUR/USD continues to move higher, even with German consumer confidence surveys coming in weaker than market expectations. Part of the reason for the continued weekly strength in the Euro is coming from the latest core inflation report for the Euroz […]
Technical Report – April 16, 2013: AUD/USD Fails at Triangle Resistance
Chart of the Day: AUD/USD AUD/USD: The AUD/USD is continuing with its short term declines after failing at the upper end of its long term symmetrical triangle. The triangle resistance line now comes in at 1.0530, so markets are at a critical inflection […]
Technical Report – April 16, 2013: EUR/USD Range-Bound above 1.30
Chart of the Day: EUR/USD EUR/USD: The EUR/USD continues to trade at elevated levels relative to short term historical averages. We are starting to see some stalling at these levels, however, with a clear range now seen forming just above the key psych […]
Fundamental Report – April 11, 2013: AUD/USD Falls After Huge Miss in Jobs Data
The AUD/USD is starting to show retracements of its recent rally as this month’s Australian employment data came in much weaker than expected. The March jobs report showed a decline of -36,000 jobs, much lower than the upwardly revised 74,000 figure th […]
Learn to Trade Technical Report – April 10, 2013: EUR/USD Trades into Critical Fib Resistance
Chart of the Day: EUR/USD EUR/USD: The EUR/USD continues to move higher but there is some indication that the short term rally is likely to come to an end very soon. Specifically, prices are beginning to stall at the 38.2% Fib retracement of the drop f […]
Fundamental Report – April 9, 2013: US Dollar Lower After Bernanke Stimulus Comments
The US Dollar is showing weakness in the early part of the week, as Fed Chairman Ben Bernanke said asset sales will not be expected until the latter part of the easing cycle (signalling a slow end to the Fed’s stimulus programs). The Dollar is trading […]
Technical Report – April 8, 2013: USD/JPY Breaks Major Long Term Fib Resistance
Chart of the Day: USD/JPY USD/JPY: The USD/JPY has clearly broken from its previous symmetrical triangle on the short term charts, and the upside break here was followed by a Monday gap above the 61.8% Fib retracement of the decline from 110.60. Thi […]
