May 12, 2014
With GBPUSD and USDJPY almost trading with an inverse correlation we can see this in the GBPJPY cross as a narrowing trading range despite a double bottom forming at the 17.20 we have a 3 touch trend line capping rallies. With this in mind many traders may look to trade this range however for me… View Article
May 12, 2014
Last week the ECB and Draghi in particular hinted at action in the June ECB meeting, this sent the EURUSD tumbling lower through the 1.3773 support which is now holding as resistance. We eye 1.3670 as the next major support level.
May 9, 2014
TRY getting stronger against USD and GBP after recent US positive data’s, such as non-farm payroll data. We have seen the rapid gain in value in Lira, after the Fed chairwoman Janet Yellen comments and positive US data’s. It has tested the lowest level support of 3.5057 since 9th April 2014.
May 9, 2014
The gold has moved downwards in consolidate mode since the tansions eased in Ukraine, and tested the support level of 1284.77. It has moved slightly downwards after better than expected UK trade balance and manufacturing data. Also, ECB President Draghi had speech yesterday, and repeated his usual promise of action in near future. This time… View Article
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