April 24, 2014
Good morning, Well the markets like to have confirmed what they already ‘know’ so the Kiwi jumped at the expected news of a 0.25% hike in the interest rate to 3.00%. Moves have been partially retraced across the board and expect some consolidation today. The general outlook according to the RBNZ statement is very gently… View Article
April 23, 2014
EUR/CHF has broken a strong uptrend after some bad data which has affected on the downside, but its not all bad. Now it has broken the recently strong support of the 55 EMA, I suspect a down trend to form and there is still time to get in on this trade. A pullback to the… View Article
April 23, 2014
TRY has continued to loose value against GBP and USD. Recent negative comments from IMF, Moody’s and Morgan Stanley pushed the Turkish Lira value down. Also, UK and Euro zone low inflation rates caused the TRY to weaken further. Investors are keeping eye on tomorrow’s Turkish Central Bank (TCB) interest rate decision,… View Article
April 23, 2014
The gold has continued to decline and touched the lowest support level of 1277 since 1st April. So far political unrest in Ukraine and US sanctions threat to Russia is doing nothing to support the precious metal prices go up. Recent positive economic growth signs in China, UK, Euro zone, and also encouraging US economic… View Article
April 23, 2014
Good morning, Thanks to Adam at ForexLive for pointing this out: Wednesday is a big day for USD/CAD options traders with several large expiries on the calendar.
April 23, 2014
Good morning, Big mover overnight was the Aussie on the back of CPI data showing to be lower in 2013 Q4. This has seen any chance of a rate hike this year vanish in a puff of smoke. To a certain extent the drop from the highs for AUDUSD has priced in a fair amount… View Article
April 22, 2014
Kiwi dollar has been holding a newly formed channel quite nicely and has recently hit the bottom. On the H4 the 55 EMA seems to be some sort of support but once/if it breaks, it has a lot of room to rise back taking into consideration the uptrend on the H4 and the daily charts…. View Article
April 22, 2014
Good whatever time of day it is in your neck of the woods, We would like to wish everyone a Happy Easter and hope that you recharged your batteries and are ready for the last few weeks of trading before you sell in May and go away. EURUSD – very quiet after the long weekend… View Article
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