April 29, 2014
Equities went higher on the open but the mood has since changed after the US data. The Nasdaq 100 failed to break yesterdays highs of 3570 in the cash market and looks to be heading south. It could just be a brief consolidation but if momentum starts to gather pace keep an eye on the… View Article
April 29, 2014
So far the S&P 500 has moved higher after the open with current short term resistance coming in at 1878 on the cash market which looks like we will break, yesterdays strong rebound from the lows hints to further upside to test record highs, the record highs come in at 1899 on the cash market… View Article
April 29, 2014
Many traders use the dollar index as an indicator for the overall dollar direction, if you were to look at the dollar index 1 hour chart you would think dollar strength across the board. Despite what looks like dollar strength we have GBPUSD and AUDUSD nearing session highs, USDCAD nearing nearing session lows and only… View Article
April 29, 2014
Despite the EUR today the dollar has weakened against the commodity currencies with USDCAD breaking key support and AUDUSD getting a boost from the 0.9227 overnight lows trading session highs of 0.9270, we have seen this dollar weakness against gold as well with gold just breaking the 1292 pivot and trading new highs of 1295…. View Article
April 29, 2014
We posted yesterday that USDJPY looked to have formed a base since the end of last weeks escalation in Crimea, this move from last Fridays lows of 101.95 has gathered pace now and has broken clear of the 102.72 highs last seen last April. The next event to watch for USDJPY will be US data this afternoon… View Article
April 29, 2014
TRY remained bearish against GPB, dropped to the support level of 3.5595 since last Thursday’s Turkish Central Bank (TCB) interest rate decision. Also, lower than expected UK GDP data helped the Sterling to weaken further.
April 29, 2014
The gold has moved up down up to the support of 1286 level. Despite the yesterdays sanctions to Russian President Vladimir Putin’s inner circle, gold showed bearish. It has started to go up after poor data’s this morning from Spain, Italy and UK.
April 29, 2014
On the big picture on the H1 for kiwi dollar, we can see it is nearly down at recent lows, but will it hold or will it continue to fall? There has been a steady decline recently and has now come to the only significant level in recent times. With the level smack bang in… View Article
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