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May 31, 2013

Daily Forex Fundamentals – May 30, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:28 am

What’s on the Economic Horizon

U.S. Preliminary GDP on Tap!
BOC More Optimistic on the Economy
Swiss GDP Seen at 0.2%

U.S. Dollar (USD)

Looks like the dollar bulls just couldn’t sustain their strong showing from Tokyo session! The dollar gave back all its gains and then some, as it slid against most of its major counterparts. What gives? Read more…

Euro (EUR)

Bad data? That ain’t a problem for the euro! Well, at least it wasn’t in yesterday’s trading. The shared currency traded higher against the dollar despite disappointing figures from the euro zone. EUR/USD bounced off 1.2850 to close the day with a 79-pip gain at 1.2941. Read more…

British Pound (GBP)

Thanks to broad-based dollar weakness, GBP/USD was able to shrug off disappointing economic data and dovish remarks from MPC member Bean to finish 82 pips higher at 1.5131. Overall, it was a good day to be a pound bull! Read more…

Japanese Yen (JPY)

What a day for the yen! The yen sliced and diced its way throughout the forex markets, as risk aversion took its toll on the markets. After trading above 102.00, USD/JPY now finds itself trading below 101.00. Is a test of 100.00 coming up next? Read more…

Canadian Dollar (CAD)

The losing streak ends at three! Yesterday, the Loonie was finally able to pare some of its losses against the dollar after the BOC’s slightly optimistic rate statement. USD/CAD fell below 1.0400 during the New York session to finish the day with a 45-pip gain for the Loonie at 1.0351. Read more…

Australian Dollar (AUD)

Just when we thought the Aussie was gonna go down under, it sprung back to life late in the day! After trading as low as .9527, AUD/USD came storming back to finish above the .9600 handle. What gives, mate? Read more…

New Zealand Dollar (NZD)

We got a rare glimpse of the Kiwi’s strength as it forced NZD/USD to trade 48 pips higher to close at .8138. Is this the beginning of a major reversal or was yesterday’s rally nothing but a dead cat bounce? Read more…

Swiss Franc (CHF)

Has the Swissy been pumping iron or what?! It flexed its muscles against its major counterparts yesterday, carrying EUR/CHF down 105 pips to 1.2444 while dragging USD/CHF 141 pips lower to finish at .9616. Will it continue dominating its counterparts today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 30, 2013

Daily Forex Fundamentals – May 29, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:28 am

What’s on the Economic Horizon

No Changes Expected From BOC Rate Decision
German Employment Figures on Tap

U.S. Dollar (USD)

Let the good times roll! The dollar put up a stellar performance on the charts as it dominated its major counterparts in yesterday’s trading. Helped by a rise in 10-year bond yields and strong economic data, the dollar took EUR/USD down 71 pips to 1.2863 and USD/JPY 121 pips higher at 102.28. Read more…

Euro (EUR)

Rough day for the euro, as it took a hit to the gut and dropped to the canvas versus the Greenback. After opening at 1.2934, EUR/USD ended trading at 1.2863, finishing the day down 71 pips. Read more…

British Pound (GBP)

No reports from the U.K. yesterday, so the pound was at the mercy of its counterparts. Dollar strength dragged Cable by 56 pips while yen weakness boosted Guppy by as much as 126 pips. Read more…

Japanese Yen (JPY)

Not this time! The yen couldn’t hold off its counterparts’ advances, as a rebound in the Nikkei pushed the safe haven currency lower. USD/JPY surged 121 pips to 102.28 while EUR/JPY climbed 84 pips higher to finish at 131.56. Read more…

Canadian Dollar (CAD)

With the dollar on a roll, the Canadian dollar simply couldn’t keep pace, as it stumbled late in the New York session. USD/CAD rose nearly 60 pips to finish the day at 1.0395 and is now trading around the key 1.0400 handle. The question is, will it hold? Read more…

Australian Dollar (AUD)

The Aussie was anchored right above the .9600 handle as it refused to budge against the Greenback. After an entire day of trading, AUD/USD finished 1 pip higher at .9633. Read more…

New Zealand Dollar (NZD)

It was a ho-hum day for the Kiwi bulls and bears as NZD/USD closed exactly at its open price. With no major data out from comdoll-related countries, can you blame Kiwi traders from taking a chill pill? Read more…

Swiss Franc (CHF)

The Swiss franc got the short end of the stick in the currency arena yesterday as risk appetite killed demand for the low-yielding currency. USD/CHF popped up by 125 pips while EUR/CHF posted a ridiculous 93-pip gain. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 29, 2013

Daily Forex Fundamentals – May 28, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:27 am

What’s on the Economic Horizon

Swiss employment data on tap
U.S. consumer confidence seen higher
Japan to post another decline in retail sales

U.S. Dollar (USD)

With the U.S. on a bank holiday, it’s no surprise that the dollar ended another day with mixed results against its counterparts. EUR/USD capped the day with a doji but USD/JPY fell by 22 pips and GBP/USD also slipped by 32 pips. Read more…

Euro (EUR)

With our homies in the U.K. and U.S. celebrating bank holidays, euro price action was extremely limited. After an entire day of trading, EUR/USD finished unchanged at 1.2934, while EUR/JPY ended just 26 pips lower at 130.72. Read more…

British Pound (GBP)

The pound started the week on a bleak note as it edged lower against the U.S. dollar in yesterday’s trading. GBP/USD slipped from a high of 1.5156 to a low of 1.5087. GBP/JPY, on the other hand, struggled to hold on to the 152.50 area. What’s in store for the pound today? Read more…

Japanese Yen (JPY)

Score another one for the yen! Most of London and U.S. session traders celebrated bank holidays yesterday, so it was easy for yen traders to track the Nikkei’s performance. Read more…

Canadian Dollar (CAD)

Mark another one down for the bears! Once again, sellers seized control of the Loonie, pushing USD/CAD 31 pips higher to 1.0337. Let’s see if they’ll make another run towards the previous high around 1.0400! Read more…

Australian Dollar (AUD)

The Aussie sank deeper in the red territory yesterday despite the absence of market-moving data. AUD/JPY reached new multi-month lows while AUD/USD ended the day 13 pips lower than its open price. What gives? Read more…

New Zealand Dollar (NZD)

‘Twas a quiet day for the Kiwi as NZD/USD spent most of the time consolidating around the .8100 major psychological level. Is there any catalyst for a breakout today? And which direction could it go? Read more…

Swiss Franc (CHF)

Support at the .9600 level held like a boss for USD/CHF in yesterday’s trading before the pair bounced off to a high of .9648. Can this pair keep heading higher today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 28, 2013

Daily Forex Fundamentals – May 27, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:31 am

What’s on the Economic Horizon

U.S. on Memorial Day Holiday
The U.K. on Spring Bank Holiday

U.S. Dollar (USD)

The Greenback’s performance on Friday was as mixed as a bag of nuts, as it edged lower against the euro and yen but managed to pocket some gains against the Aussie. EUR/USD struggled to stay above the 1.2900 major psychological level while USD/JPY slid to the 101.00 area. Read more…

Euro (EUR)

Saved by the German data! The euro might have ended its winning streak against its counterparts last Friday, but it had also avoided heavy losses. EUR/USD only slipped by 4 pips while EUR/JPY’s slide was contained to 95 pips. Read more…

British Pound (GBP)

Relatively quiet end to the week for the pound, as it pretty much stayed within range versus its major counterparts last Friday. GBP/USD traded as low as 1.5064 before eventually finishing at 1.5126, up 14 pips form its opening price. Meanwhile, EUR/GBP ended the day trading at .8551, 10 pips lower on the day. Read more…

Japanese Yen (JPY)

Check out the Nikkei putting the “Yeah!” in yen! Another topsy-turvy day in the Japanese equities market was enough to rock the yen last Friday, as the Japanese currency was able to score another day in gains. USD/JPY sank below the 101.00 barrier while EUR/JPY dipped close to 130.00. Can the yen keep it up? Read more…

Canadian Dollar (CAD)

The Loonie bulls must have been listening to Nelly’s Just a Dream as they watched the comdoll print another red day against the Greenback following a strong rally last Thursday. USD/CAD ended the day with a 27-pip gain after hitting a high at 1.0357. Read more…

Australian Dollar (AUD)

After a quick retracement on Thursday, AUD/USD resumed its slide on Friday and traded below the .9700 handle once more. Will the pair go for a break of .9600 soon? Read more…

New Zealand Dollar (NZD)

With risk aversion and trade balance data crippling the currency, the Kiwi just couldn’t get to its feet last Friday. After opening at .8146, NZD/USD slipped back down to .8087, almost completely erasing the previous day’s gains. Read more…

Swiss Franc (CHF)

Boo yeah! There weren’t any economic reports released from Switzerland, but there were enough good vibes to go around and hustle the franc for a win against the dollar! USD/CHF finished Friday’s trading 71 pips below its opening price at .9611. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 25, 2013

Daily Forex Fundamentals – May 24, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:27 am

May 24, 2013

Daily Forex Fundamentals – May 23, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:27 am

What’s on the Economic Horizon

U.S. Unemployment Claims Expected to Fall to 347K from 360K
Euro Zone PMIs to Determine EUR/USD’s Price Action?
Revisions on U.K.’s Q1 2013 GDP Due Today

U.S. Dollar (USD)

Each major currency ate up the dollar’s dust as Fed head Ben Bernanke and the FOMC meeting minutes confirmed speculations that the Fed is indeed thinking about tapering off asset purchases. EUR/USD spiked above 1.3000 only to tumble down to 1.2850. Meanwhile, USD/JPY made another run above 103.00. Read more…

Euro (EUR)

After two days of reprieve, the euro was back in the red versus the dollar again yesterday. The EUR/USD pair started the day at 1.2906, rose to an intraday high of 1.2999, and then fell back down to close the day at 1.2856. Read more…

British Pound (GBP)

With poor data released, pound selling was all the rage, as it struggled against its major counterparts. GBP/USD dropped 108 pips to finish at 1.5044, while EUR/GBP rose to as high as .8591 before finally settling at .8545, up 28 pips from its opening price. Read more…

Japanese Yen (JPY)

The yen was still unable to escape the bear lair in yesterday’s trading. It gave up 43 pips to the dollar as USD/JPY finished higher at 102.93. It made a good hustle during the New York session against the euro though. EUR/JPY spiked up to 133.81 only to drop to 132.32. However, the yen was still 4 pips short of finishing the day with a win. Read more…

Canadian Dollar (CAD)

The combination of the Ben Bernanke’s speech and weak retail sales figures from Canada took the Loonie to fresh 11-month lows against the Greenback. USD/CAD began the day at 1.0267, but found itself at 1.0372 by the end of the U.S. trading session. Read more…

Australian Dollar (AUD)

Is there no stopping this Aussie sell-off?! The comdoll dropped to its 10-month lows against the dollar yesterday following news that the Fed would soon begin to taper down its asset purchases. AUD/USD closed at .9700 with a 104-pip loss for the day. Read more…

New Zealand Dollar (NZD)

What a crazy day for the Kiwi! After spiking to as high as .8200 during the New York session, NZD/USD came crashing lower late in the day, eventually finishing at .8074, down 87 pips from its opening price! Read more…

Swiss Franc (CHF)

With the dollar on a roll, USD/CHF broke higher to new highs, as it rose 76 pips to finish at .9775. Will we see another bullish move today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 23, 2013

Daily Forex Fundamentals – May 22, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:35 am

What’s on the Economic Horizon

Bernanke to Drop Hints About the Fed’s Monetary Policy?
BOJ Rate Statement on Tap
BOE Meeting Minutes To Boost the GBP?

U.S. Dollar (USD)

Crazy day for the scrilla yesterday, as it was simply all over the place! While it posted some decent gains versus the pound and Aussie, it stumbled against the euro and the franc. Could we see more of the same type of trading in today’s matchups? Read more…

Euro (EUR)

Up, up, here we go! The euro was able to muscle its way up the charts for another day. EUR/USD closed above the 1.2900 major psychological handle, clocking in a 16-pip gain at 1.2906. Meanwhile, against the yen, it finished with a 51-pip win at 132.29. Read more…

British Pound (GBP)

The pound was the biggest loser in the major currency block as a weak U.K. report reignited fears of more easing. GBP/USD plunged by a steep 108 pips, GBP/JPY fell by 72 pips, and EUR/GBP shot up by 71 pips. What the heck was released from the U.K.? Read more…

Japanese Yen (JPY)

Another day of consolidation for JPY pairs, as they all pretty much stuck within their recents ranges. It seems that everyone is just waiting for USD/JPY, EUR/JPY, and GBP/JPY to break for new highs. Hmmm… I wonder what could serve as a catalyst for a breakout… Read more…

Canadian Dollar (CAD)

The Loonie was no match to the dollar in yesterday’s trading. USD/CAD traded higher almost as soon as the markets opened, rallying to an intraday high of 1.0322. By the end of the New York session, the pair had settled at 1.0268 with a 30-pip loss. Read more…

Australian Dollar (AUD)

The bears just couldn’t sustain their momentum, as they had two failed attempts at breaking for new lows. AUD/USD found solid support just above .9750, and eventually finished trading at .9804, down just 14 pips on the day. Read more…

New Zealand Dollar (NZD)

No back-to-back performance for the Kiwi bulls! NZD/USD gained some support from mixed New Zealand data during the Asian session, but the bears eventually stepped up their game and forced the pair to close 9 pips lower than its open price. Read more…

Swiss Franc (CHF)

It was good while it lasted! The franc erased almost all of its Monday gains on the dollar and the euro as USD/CHF popped up by 33 pips while EUR/CHF climbed by 59 pips. What’s up with that?! Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 22, 2013

Daily Forex Fundamentals – May 21, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:27 am

What’s on the Economic Horizon

RBA Meeting Minutes on Tap
U.K. Inflation Figures Due Today

U.S. Dollar (USD)

Is the party over for the dollar bulls? The Greenback failed to extend its rally yesterday after a comment from a Fed official inspired profit-taking. EUR/USD jumped by 56 pips while USD/JPY closed 80 pips lower than its open price. Read more…

Euro (EUR)

After taking a beating last week, the euro got off to a nice yesterday, as it was able to recover and push ahead. After testing 1.2800 late last week, EUR/USD finished yesterday at 1.2889, up a decent 56 pips on the day. Read more…

British Pound (GBP)

It seems like pound bulls got a lot of R&R over the weekend! They certainly looked energetic in yesterday’s trading as they managed to take GBP/USD 84 pips up to 1.5259. Do they have enough stamina to keep the rally going? Read more…

Japanese Yen (JPY)

Akira Amari saves the day! Thanks to a speech by Japan’s Economy Minister, the yen was able to put a stopper on its losses. USD/JPY dropped by 80 pips while EUR/JPY finished the day well below its intraday highs. Read more…

Canadian Dollar (CAD)

Just like its comdoll siblings, the Canadian dollar posted some decent gains versus the dollar to start the week. USD/CAD dropped 50 pips to finish at 1.0238, marking the first time in 5 days that the pair finished lower. Read more…

Australian Dollar (AUD)

Finally, a breather! After TEN consecutive days of losses, AUD/USD was able to finish a day in the green. The pair reached an intraday high of .9828 before closing 78 pips higher than its open price. What brought the Aussie selloff to a halt? Read more…

New Zealand Dollar (NZD)

Did someone just hit “CTRL+Z” on NZD/USD? Because the pair just undid all of its losses from last Friday! With a strong start to the week, the Kiwi was able to post a 90-pip gain on the day to take NZD/USD back up to .8171. Read more…

Swiss Franc (CHF)

Finally, some decent gains for the Swissy! After getting bullied by the dollar for the past week, the Swissy managed to do some damage of its own. It started the week with a 61-pip gain as USD/CHF fell to .9666. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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May 21, 2013

Strange But Untrue and Other Facts That Don’t Matter

Filed under: Forex Strategies — Tags: , , , , — admin @ 4:42 pm

Like good sports commentators with slow runs of play to fill, finance turns to statistics to fill the time. To many of us, data is data and the more reliable data you have the more chance you have of being able to to sift the odd gram of gold out of the muck. But there comes a point where the noise exceeds the signal and, as Theodore Roszak said, there is “Data data everywhere and not a thought to think”

But slow days and newsless days (today being a pretty good example) has everyone turning to lower grade soothsayer techniques in the absence of others. Was there a power failure at the Financial Meteorological station supercomputers leading the weather forecasters to turn to slicing up small animals and spreading out their entrails instead? For TMM’s inboxes are filling up with statistics which instead of being valued for their ability to forecast are being offered just for for their bizarre interestingness. That Met Man would say “Oh I don’t even care if it will rain,  just look at that squishy red bit, I didn’t know it would be connected to that moving wormy thing”. The financial equivalent of which is –

“Of the four negative weeks just two of them included losses over 1%”.
“Tuesdays have been up days for the last x weeks”
“The S&P 500 trades at 12.8% or higher from its 200 DMA just 8.3% of the time”.

How riveting yet absolutely devoid of predictive powers. This is the financial equivalent of the football commentator explaining how many times the letter “e” appears in the away team captains’ grandmother’s names over the past 40 seasons. Markets have to say something. There can be no silence. Audiences don’t expect silences and the suppliers of information abhor a silence, be they media or sell side information providers. We are pattern recognising beings but there is a point where data mining crosses over into the astrological. Finance’s version of “Thats Amazing”

However we are reminded of a very apt interview question for would be traders that does rely on Bayesian probability – “If I was to flip a coin 99 times and it was to come up heads each time, what would you call for the next flip and why?” Of course the 50/50 rule is the one that “Jim Smug” fresh out of Uni would answer, but we are looking for the cynical old salt who announces. “Heads because the coin is obviously bent”. But in the cases above, the twist of fit and assumption to derive the next move is just far too far away to be useful.

TMM have long been wanting to write a book to counter the books you find in your friends’ lavatories entitled “Strange but True”, the ones to be found next to the 1986 Guinness Book of Records and the odd “White Company” catalogue that proves that men aren’t the only ones to dawdle on the pan. But TMM’s book would be called “Strange but Untrue” – A compendium of strange facts and figures all of which are amazingly untrue.

Originally it was to contain Strange but Untruths such as
“Most shark attacks occur in less that 1/2 an inch of water”
“17% of the air you breathe on the subway is human skin”
“If you spread the surface area of your lungs over the area of a tennis court you will die” Actually that one is true.

But we have realised today that the world of finance is so full of data from which absurd sound bites can be fashioned we thought we would add our own, so if you are in the business of peddling information to clients or just bored and want to confuse a 12yr old quant analyst please feel free to pick one of the following and present it with a serious face and “knowing” eyebrows .

“The 4th friday sees a reversal of a percentage equal to all the rises on the Wednesdays divided by those of the Tuesdays”
“The PE ratio of the leading 20 Estoxx is equal to the fibonacci retracement of their Market caps”.
“Just 26.78% of the best performing days are in the week before Lent (conditional upon Easter being in April)”
“If you read the first initial of the DOW components in reverse market cap order they spell CRASH COMING”
“19.87% is the average PE of firms with PEs between 19.75% and 20% and is also the year of the great crash.”
“The last time the SPX went up a bit, up a bit more, down a bit, left a bit .. FIRE. .. They missed earnings by 12%”.
“Currency codes have only 3 letters against most nasdaq stocks having 4 because spot dealers attention span isn’t as long.”
“The introduction of the Euro was a really good idea”.

All of which may be completely untrue. But the market loves a statistic or a truism and TMM often spend their day wincing at some of the old catch phrases that are wheeled out as simple justification for not knowing. We aren’t just talking the nonsense that comes out in annual reports, analyst or Investment Manager reports such as –

“Your board continues to implement the new multi-polar strategy, though current headwinds offer significant challenges”
“The current unfolding barbell perfectly describes the arc of investor indecision as the underlying market shifts to the paradigm we descibed in last months bulletin”
“The Investment managers after careful consideration have adjusted the benchmark – investors will be pleased to see that the latest quarter has substantially out performed this new threshold”

We mean the ones that are considered gospel and if muttered knowingly are meant to end debate, such as –

“More people have bought than sold”. – Or “Everybody’s buying”. – For a trade to be complete every sell has to match a buy.
“Whatever goes up will come back down” – Voyager 1 is a good case “not” in point. As are UK rail fares.
“You can’t go broke taking a profit” – Unless you spend more on your vices than the amount you take as profit.
“Prices always move for a reason” – Rarely for the reason most people believe.
“New new things always make money” – Unless they involve trains ( railroad stock dumps / Eurotunnel) or Vanadium Redox Batteries as TMM found out to their cost. .
“Charts tell the future” – Do they? Can you tell us the future from this one please?

Have you got it? Many things are not as clear as they would seem yet somethings are clearer than you think.

Daily Forex Fundamentals – May 20, 2013

Filed under: Currency Charts — Tags: , , , — admin @ 1:30 am

What’s on the Economic Horizon

France, Germany, Switzerland, and Canada on Bank Holidays Today
More Fed Members’ Speeches on Tap
Comdolls Plunged Deeper Against USD

U.S. Dollar (USD)

Not so fast! Just when we thought that the dollar’s rally is about to end, Greenback buyers jumped in and pushed the currency to notable highs against its counterparts. So what exactly extended the dollar frenzy? Read more…

Euro (EUR)

With the euro region out of the spotlight, it was easy for the common currency to snatch some pips on its counterparts. EUR/USD bowed to dollar strength, but EUR/JPY, EUR/GBP, and even EUR/CHF showed gains. What’s up with that? Read more…

British Pound (GBP)

The pound eventually gave in to dollar strength on Friday, as GBP/USD tumbled from the 1.5300 area to end the week at 1.5168. GBP/JPY also ended the week in the red as it closed 11 pips below the 156.00 handle. Read more…

Japanese Yen (JPY)

Traders showed no love for the yen on Friday, allowing several yen pairs to make new highs. USD/JPY finally broke above the 103.00 major psychological resistance while EUR/JPY jumped above 132.00. Will the yen selloff continue this week? Read more…

Canadian Dollar (CAD)

Higher oil prices? So what?! Loonie traders shrugged off a slight recovery in oil prices when Canada printed a softer-than-expected inflation report. USD/CAD shot up by a whopping 99 pips and ended the week right around its 2013 highs. Read more…

Australian Dollar (AUD)

When will the bleeding stop?? The Aussie gave up more ground to the dollar in Friday’s trading. AUD/USD dropped like its hot below .9800 finishing the day with an 83-pip loss at .9724. Read more…

New Zealand Dollar (NZD)

NZD/USD tossed and turned around on Friday, as the pair struggled to hold on to the .8100 major psychological support level. It managed to end the day in the green as it closed at .8106. Will it break below .8100 soon? Read more…

Swiss Franc (CHF)

After dipping below the .9600 major psychological level on Thursday, USD/CHF made a strong comeback the very next day as it bounced back above the .9700 level and ended the week at .9706. Can this pair head any higher this week? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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