July 28, 2014
US. Pending Home Sales MoM came out as a bad figure as the previous number was 6.1%, forecast is 0.5% and the actual figure is -1.1%. Even with this bad figure from the US., we did not see much movement for USD against its counterparts so far.
July 28, 2014
USDCAD had a spike on Friday, seemingly on the back of a flow going through. We have now reached a key technical level on the dailies, along with overbought levels on shorter time frames. I like selling USDCAD here as a hedge against the rest of my portfolio, but a break and hold above the… View Article
July 28, 2014
A lot of stuff has happened over the weekend in Ukraine, Israel, Russia, Syria etc. The market is pretty much priced in and it will take more that just shelling of towns and killing people to move it drastically. As horrible as that sounds. So most of the G10 currency pairs are trading around where… View Article
July 28, 2014
Cable looking like it is now in oversold conditions and could potentially be a good time to get in on a long position. It bounced off of 1.71910 which was a recent high and has now come down to some previous resistance which looks like support around the 1.698 mark. As it has stalled at… View Article
July 25, 2014
The USD Index is approaching the June highs of 81.00. This week we have seen a substantial move up in the USD led by all the major currencies. As it is a Friday with thin summer markets, maybe today we will get some profit taking and see the USD getting sold subsequently. A break and… View Article
July 24, 2014
NZDUSD is approaching an upward sloping trendline which comes in at 0.8565. Overnight we saw NZDUSD increase interest rates, but the market was expecting more indication as to nthe next rake hike. As a result, NZDUSD got sold off. Earlier in the month, we spoke about the key level at 0.8840 which held perfectly. Click… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
