USDJPY looking overbought short term

July 30, 2014 It is expected to be a very slow day ahead of the FOMC, with the only real exciting data event to look out for being the ADP report. However, I think there is a short term opportunity to sell USDJPY. The main reason being, we are sitting near the July highs, in what seems to… View Article

US Data-CB Consumer Confidence

July 29, 2014 We just had some important US Data out which has pushed Dollar Cad on the upside. The number was expected out at 85.3 when the actual reading came out at 90.9. This is good for the US Dollar and boosted it against other pairs.

XAU/USD UPDATE – 28/7/14

July 28, 2014 28/7/14 (21.30) Gold markets went back and forth during the course of the day, but has currently stalled around the $1305 level. As always round numbers come into play here with the psychological $1300 level being the one to observe. On a daily chart the 100 DMA is providing useful support, but we need a… View Article