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Daily Forex Update: EUR/JPY
Daily Forex Update: EUR/JPY
The EUR/JPY has lost a good deal of the short-term downside momentum that pushed prices lower from the June 3 high of 114.15, and this rejection shows that buyers are not willing to support prices abo
4 June | 0 comments
 

Daily Forex Update: GBP/USD
Daily Forex Update: GBP/USD
The GBP/USD (also known as the "cable") is exhausting since prices could not press through resistance at 1.4750. The subsequent break lower though 1.4700 is further intraday confirmation of weakness i
3 June | 0 comments
 

Daily Forex Update: AUD/USD
Daily Forex Update: AUD/USD
The Reserve Bank of Australia indicated that rate hikes are done for now, and that there’s a slight window for future tightening in 2010 – depending on inflation, decreased home sales, and lower b
2 June | 0 comments
 

Daily Forex Update: USD/JPY
Daily Forex Update: USD/JPY
To comprehend the importance of Japanese Yen within the world of global finance, one needs to understand the Bank of Japan’s (BOJ) stance on rates. The stance is uncomplicated: keep rates low, and
31 May | 1 comment
 

Daily Forex Update: USD/JPY
Daily Forex Update: USD/JPY
Throughout Thursday’s U.S. trading session, momentum in the USD/JPY was key to confirming the rally in equities. Unlike the early equities rally on Wednesday morning – accompanied by little-to-no
28 May | 0 comments
 

Daily Forex Update: EUR/USD
Daily Forex Update: EUR/USD
For traders who have been watching the trio of intraday lows along 1.2141 (S1), 1.2143 (S2), and 1.2175 (S3) on the EUR/USD, the wait may be over: prices are rapidly approaching this key support leve
27 May | 0 comments
 

Daily Forex Update: USD/CHF
Daily Forex Update: USD/CHF
The current intraday downtrend on the USD/CHF reflects the U.S. Dollar’s mid-day turn-around. The Dollar rolled over thanks to a strong recovery in the U.S. equities market, which sent the Dollar b
26 May | 0 comments
 

Daily Forex Update: USD/JPY
Daily Forex Update: USD/JPY
The intraday USD/JPY traded slowly higher today as the Japanese Yen weakened against the U.S. Dollar thanks to traders selling yen amidst a bearish equities market (the Dow Jones closed 126 points lo
25 May | 0 comments
 

Daily Forex Update: USD/CAD
Daily Forex Update: USD/CAD
Intraday, the USD/CAD pair is testing the support of a Triangle pattern at 1.0620 (S), with prices consolidating within the wide range from 1.0700 to 1.0608. The floor at 1.0608 sits just above addit
24 May | 0 comments
 

Daily Forex Update: USD/CAD
Daily Forex Update: USD/CAD
The intraday USD/CAD broke higher through resistance at 1.0720 (R), triggering a Rising Wedge buy entry as prices rallied through an unusually flat upper trendline. Thanks to high buying momentum acc
21 May | 0 comments
 

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