No Selloff in the Aussie Dollar as you Would Expect- Forex Trading News – June 4th 2014

No Selloff in the Aussie Dollar as you Would Expect- Forex Trading News – June 4th 2014
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Forex Market News OK, where are the markets and what are they doing? In the FX world, it seems that we are just marking time (there’s an old cadets saying). Interest rate yields are fluctuating wildly, stocks seem to have peaked – for the time being – and commodities are still leaking value. There have […]

US Posted a Negative GDP Figure for the First Time in Three Years – Forex Trading News – May 30th 2014

US Posted a Negative GDP Figure for the First Time in Three Years – Forex Trading News – May 30th 2014
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Forex Market News The sell in May has not occurred with a bounce in stocks overnight. Interestingly the Ukrainian infighting increased overnight yet the market largely ignored this. The US posted a negative GDP figure for the first time in three years, which is not the end of the world, but could lead to funds […]

Large Moves, Particularly in the Cable and Kiwi – Forex Trading News – May 29th 2014

Large Moves, Particularly in the Cable and Kiwi – Forex Trading News – May 29th 2014
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Large moves in the interest rate market saw bonds rushing higher (rates falling) and the greenback took most of the fund flow. This saw some large moves, particularly in the Cable and Kiwi, the two most over stretched pairs. The yen took some in too, which would suggest a safe haven flow. Since there is […]

Currency Pair Analysis – Forex Trading News – March the 18th 2014

Currency Pair Analysis – Forex Trading News – March the 18th 2014
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Forex Market News AUDCAD – An engulfing buyer bar with no clear indication of next direction. AUDCHF – Has found good support at 7820 area and is making lower highs but also higher lows in a wedge style formation. AUDJPY – Chopping either side of ema’s that are as flat as the Hay plains I […]

The Flying L Trader, July 2nd 2013

The Flying L Trader, July 2nd 2013
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A raft of manufacturing PMI figures yesterday showed us that apart from some sections of Europe, the global scene is growing. From China to USA all were over the 50 line between contraction and expansion. So this saw a rise in investor confidence which saw stock markets rally up to over 1% across the board, […]

Technical Report – April 29, 2013: EUR/USD Caught in Lower End of Range

Technical Report – April 29, 2013: EUR/USD Caught in Lower End of Range
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Chart of the Day: EUR/USD   EUR/USD: The EUR/USD has broken the neckline of the medium term head and shoulders pattern we have been watching and this has led to heavy price action at the lower base of the recent ranges. Prices are trading sideways at this stage (with a moderate downward bias) but we […]

Technical Report – April 25, 2013: USD/JPY Ready for a Test of 100

Technical Report – April 25, 2013:  USD/JPY Ready for a Test of 100
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Chart of the Day: USD/JPY   USD/JPY: The USD/JPY continues to near its highs for the year, after making a brief drop into the medium term support level at 95.80. This is now the critical line in the sand for the pair and we would need to see a downside break here in order to […]

Technical Report – April 23, 2013: AUD/USD Breaks Critical Fib Support

Technical Report – April 23, 2013:  AUD/USD Breaks Critical Fib Support
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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 event for the pair and puts big limitations on the medium term […]

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 13, 2013: Markets Look to US Retail Sales to Determine Risk Sentiment

Fundamental Report – March 13, 2013: Markets Look to US Retail Sales to Determine Risk Sentiment
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The US Dollar is trading with a slightly bid tone against the Euro so far this week but still finding some selling pressure against the Japanese Yen. The next main event from the fundamental side of things will be seen in the US Retail Sales report, which is expected to show a monthly increase in […]