Archive for the ‘ Forex News ’ Category

USD: Still Bearish Dollars

The European stress tests are behind us and now it feels like we could be entering the dog days of summer. Many Senior FX traders in Europe take the entire month of August off for summer holidays which suggests that position squaring could be their top priority this week. [ READ MORE ]

Forex Risk Appetite Boosted by New Home Sales

With the European Stress Tests behind us, it is time to enjoy the one day break from the heat [ READ MORE ]

Usd: No Surprises From Beige Book

Currencies traded heavy for most of the North American session on the heels of weaker U.S. economic data and reports of lackluster growth across the nation. Having bucked the trend yesterday, the U.S. dollar slipped against the Japanese Yen and rose against other currencies as risk appetite retreated. [ READ MORE ]

Forex: Durable Goods and Beige Book to Weigh on Risk

Currencies are trading heavy this morning with the U.S. dollar retreating further against the Japanese Yen after the surprise decline in durable goods orders. With the Federal Reserve releasing the Beige Book report today, a cloud will be hovering over the financial markets, preventing any meaningful rallies. [ READ MORE ]

Cable Hits 5 Month High as Risk Rally Rolls On

Risk trade continued to be supported in Asian and early European trade today with both euro and pound making fresh highs, but Aussie was felled by softer inflation data and tumbled below .9000 as expectations of additional RBA rate hikes during the summer evaporated. The euro rose to a high of 1.3043, boosted by better [ READ MORE ]

Soft Inflation Data Sends Aussie Below .9000

Australian CPI printed at 0.6% versus 1.0% eyed, disappointing investors and sending Aussie below the .9000 level in Asian session trade. On a yearly basis, prices rose at 3.1% pace versus forecasts of 3.4%. The key trimmed inflation measure was even more subdued printing at 2.7% – coming in handily below the RBA 3% target [ READ MORE ]

GBP/CAD to Resume Uptrend at 1.5718?

There is a bullish Gartley pattern forming on the GBP/CAD. [ READ MORE ]

Swing Technicals- NZD/USD Closing in on Short at 0.7395

CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Medium Term) Watch for potential support at the top of the broken channel. GBP/USD (Medium Term) Wait until a new pattern emerges. USD/JPY (Medium Term) Wait until a new pattern emerges. USD/CHF (Medium Term) Watch for potential support at the top of the broken channel. USD/CAD (Medium Term) Sell USD/CAD at 1.0815. Stop at 1.0936. Profit target at 1.0633. AUD/USD (Medium Term) Wait [ READ MORE ]

AUD/CHF Rally Facing Multiple Hurdles

A solid sell opportunity emerging if prices manage to rally to .9633 this week, but will have to break through current resistance near .9450-.9475, and there’s also some pattern/fib resistance near .9560 both of which may provide a near-term dip…. [ READ MORE ]

Intraday Technicals: Major Test For GBP/USD Bulls near 1.5525

CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Waiting for a new pattern to emerge GBP/USD (Short Term) Testing daily double top resistance near 1.5525 USD/JPY (Short Term) Testing near-term 61.8% support near 86.90 USD/CHF (Short Term) Retesting broken downward-sloping trendline USD/CAD (Short Term) Consolidation continues AUD/USD (Short Term) Still consolidating near pattern completion on 2hr chart NZD/USD (Short Term) Waiting for a new pattern to emerge [ READ MORE ]

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