April 30, 2014
Good Evening, The Greenback looks heavy handed in the fight with the Loonie. Two big hits square on support then a retracement of the move down yesterday to the 38%Fib only to return for another test of the lows looks good for the Loonie. The Greenback has to keep up a hawkish defence at the… View Article
April 30, 2014
Today’s volatility in the market has been welcomed after some lack luster trading periods, we saw some initial dollar buying on a strong ADP release before sharp reversal on the back of a real miss for US GDP. Equity markets appear to have shrugged off the bad news as we near session highs after failing… View Article
April 30, 2014
Good afternoon, USDJPY has a H&S pattern on the hourly chart and US$ Index appears to be capped by the gap. http://www.youtube.com/watch?v=7FPELc1wEvk
April 30, 2014
Good afternoon, Great article on what the eagle-eyed and pigeon-toed have got as their major worry at the FOMC tonight…… housing. I would just like to add that it is their own fault…QE gets poured into a liquidity trap: banks don’t lend, wages stagnate, inflation doesn’t go up, but house prices stay high or at… View Article
April 30, 2014
Adam and I both spoke yesterday about USDCAD appearing overextended and worth either squaring shorts in Adam’s case or going long in my case. With two failed attempts now to break the 1.0942 all eyes now remain on the upside and selling interest at the 1.1 pivot. Should we break lower keep an eye on… View Article
April 30, 2014
The inflation data earlier today sent EURUSD through the weekly support of 1.3785 to trade 1.3773 on my screen, strong buying interest has taken the pair straight back up again to trade new session highs of 1.3835. The main focus remains on this evening and the FOMC, any hawkish rhetoric from Yellen should give enough… View Article
April 30, 2014
TRY still remained bearish against GPB, and touched the latest low support level of 3.5525. It is sloping downwards since last Thursday’s Turkish Central Bank (TCB) interest rate decision.
April 30, 2014
After breaking the 0.9315 on the downside AUDUSD dropped down to try and test the 0.9205 support but stopped 20 pips shy to trade 0.9225 this has set some clear levels now for AUDUSD with resistance at 0.9315 and support at 0.9225, I am not one to trade a break out due to the nature… View Article
April 30, 2014
The gold has moved up to the resistance level of 1301.20 after testing the recent the support level of 1286.15. Despite the further sanctions to Russian individuals around President Vladimir Putin’s inner circle, the precious metal remained bearish against USD. It has recovered after the less than expected Euro consumer price index data.
April 30, 2014
So yesterdays soft German inflation data saw EURUSD drop 50 pips in a matter of minutes with the intra-day high coming in at 1.3878 and we now have session lows today of 1.3796, we have Eurozone CPI out today which is likely to give EURUSD another leg lower should the number disappoint on the downside as this… View Article
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