Tag Archives: forex

USD Index Update Midday Asia April 17th 2014

The US Dollar is currently at or near lows for the day halfway through the Asian session. The USD looks like a pretty good long at current prices vs JPY and AUD. The USD Index is currently trading around 10,428 … Continue reading

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USD Falling In US Session, Mixed FED and Equity Ramp

The US Dollar has fallen today erasing some gains that were added during the Asian and Euro trading sessions. The USD fell mostly against AUD and NZD after China data showed that the Chinese economy is continuing to grow at … Continue reading

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NZD/USD targeting 0.85, NZD rate decision next week

The New Zealand dollar has fallen as expected.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is following through. Whether or not this pair follows through more and breaks below 0.236 fib support around 0.85 … Continue reading

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Heads up NZD CPI in about 30 minutes 22:45 GMT

NZD CPI YoY expected at 1.7% prior 1.6% NZD CPI MoM expected at 0.5% prior 0.1% FOMC official speaking about an hour later may give insight about outlook after data earlier today, may have small affect NZD/USD. NZD/USD trading around … Continue reading

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USD/JPY A buy as long as this holds…

The Japanese Yen is expected to weaken further vs the USD. RSI is unable to push lower and RSI is continuing higher on an upward trend, a breakout has occurred but follow through seems limited for now. Until the USDJPY … Continue reading

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Heads up GBP CPI in about an hour 8:30 GMT

UK CPI expected at 1.6% prior 1.7% GBP/USD falling below 1.67 prior to release.

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USD Technical Analysis April 15th 2014

The US Dollar has bounced so far at the start of Tuesday trading. The USD is expected to further recover from last weeks losses it is currently trading around 10,445. The USD is finding support above the long term 0.50 … Continue reading

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NZD/USD Technical Analysis April 14th 2014

The New Zealand dollar is continuing to consolidate but should reverse lower soon.  The combination of a dark cloud cover candle pattern and bearish RSI divergence is enough to cancel out the hammer candle, however we could see some consolidation … Continue reading

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Stock Picks for 4/14 !

Good evening everybody ! This should be an interesting week as I am on SPRING BREAK! Which means I will be trading 24/7! Our penny picks for today are MSITF,SSHSQ, KNSC . Our Open Forex trades are CAD/JPY SHORT! & … Continue reading

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Update on Ukraine Situation 4/13

UN Security Counsel meeting going on and the ambassador to Ukraine is making it clear that another annexation will not occur. More here

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GBP/USD Short Trade Potential Double Top 4/13 Update

We have entered short on GBP/USD on 4/09 and are looking for continuation and a possible double top. There is a nice Doji and a confirmation candle on 4/10 which should lead to further GBP losses. The BOE is expected … Continue reading

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Forex Outlook for the week of 4/14-4/18

Here are the major events occurring for the major currency pairs this week. For the USD, US advanced retail sales should show an improvement from prior, following the retail sales release on Tuesday there should be a pickup in CPI … Continue reading

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Ukraine forces attempting to take back police station seized by pro Russian forces in Sloviansk

The Ukraine interior minister, Arsen Avakov, has announced the start of an “anti-terrorist” operation in Slavyansk, Eastern Ukraine urges residents in city of Sloviansk to stay indoors and away from windows. This could affect global markets and lead to some risk … Continue reading

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USD/JPY Unable to push much lower buying opportunity

The Japanese Yen has struggle to gain much ground vs the USD today. RSI is unable to push lower while price is getting compressed into a tighter range singling that a bullish USD breakout could soon result. Also, a break … Continue reading

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Stock Picks for 4/11 and Recap for 4/10

Today was not a good day for the markets.The Dow dropped 266 points, The S&P dropped 40 points and the NASDAQ index had its worse day in months dropping 130 points. Before we start with the picks lets gets some … Continue reading

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EUR/USD Outlook April 11th 2014 (CPI Data)

The Euro has rallied vs the USD every day this week but is expected to come under pressure amid a wave of upcoming Euro CPI data. The Euro is having trouble making a lot of headway past long term trend … Continue reading

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USD Index Update Midday Asia April 11th 2014

The US Dollar has recovered so far at the start of early trading today as expected. The USD has been down everyday this week and it is looking pretty oversold. The fact that the USD is coming up on major … Continue reading

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GBP/USD Outlook April 10th 2014 (BOE Decision)

The BOE is expected to hold rates unchanged today at 0.50% and keep the asset purchase target unchanged at 375B GBP. Any change from this would see a dramatic reaction in GBP/USD and other GBP pairs. The GBP has rallied … Continue reading

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USD/JPY Technical Analysis April 10th 2014

The Japanese Yen has risen so far today against the USD and other major currency pairs. The Bank Of Japan is staying on the sidelines for now and is not expected to increase their already massive QE program that has … Continue reading

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