March 31, 2014
The outcome of the local elections has started to affect to the currency rates. After the winning of the current party in power (AKP Party) in local elections yesterday, TRY started to get stronger against most currencies, especially against GBP. It has expected that the rate will fall further down, and suggested to enter SELL… View Article
March 31, 2014
With good CAD data just out USDCAD has had a small drop but held a support at 1.10000. With the hourly chart looking like a decent up trend, the price is now at that line and is looking like a good place for a buy. With resistance at the 23.6 fib, it has been hit… View Article
March 28, 2014
With the recent moves higher in the dollar on the back of hawkish comments from the FED and Janet Yellen in particular. This comments hint at a rate hike in a year with tapering looking to unwind within 6 months. This coupled with the Crimea crisis unwinding there has been a clear move out of the… View Article
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