Forex Signals

What’s on the Economic Horizon
Traders Sit on the Sidelines Ahead the NFP
Euro zone’s Retail Sales to Rise 0.3%
UK’s Halifax HPI on Deck
United States
The dollar was unable to find clear direction in the charts yesterday as it traded mixed against other major currencies. While it posted gains over the Loonie and the pound, the dollar lost [...]

What’s on the Economic Horizon
US Initial Jobless Claims to Climb by 2,000
ECB Widely Expected to Keep Rates at 1.00%
UK’s Nationwide HPI on Deck
United States
Will you look at that! The dollar finally decided to get with the program and responded like any other currency would to bad data. While it fared relatively well against the franc [...]

The AUD/USD rallied from 0.8911 to the current levels at 0.9107 through Wednesday. This steep ascent was caused by the Australian Dollar’s strength over a very weak U.S. Dollar as U.S. equities rallied strongly throughout the trading day.

Pattern Alert Courtesy of Autochartist

The Triangle breakout from 0.9020 pushed the AUD/USD higher towards previous resistance at [...]

What’s on the Economic Horizon
ADP Employment Change Seen at +20,000
German Retail Sales on Deck
UK Manufacturing PMI to Have Dipped Slightly in August
United States
Yeouch! The dollar got a small boo-boo when it slipped against most of its major counterparts yesterday. EURUSD fell to a 1.2672 close after reaching an intraday high of 1.2744. Meanwhile, USDJPY capped [...]

What’s on the Economic Horizon
US Consumer Confidence on the Rise?
Improving Lending Conditions in the UK?
CAD: Monthly GDP on Deck
United States
Summer may be almost over, but the dollar’s price action yesterday suggested that the risk aversion’s heat is still on till the break of dawn. The greenback lost against the yen and the franc, but gained [...]

What’s on the Economic Horizon
US PCE: Inflation Remains Subdued?
Australian GDP Due This Week
New Zealand Business Confidence to Improve in August
United States
We got a relatively quiet trading day to end last week’s snoozefest, as most pairs stayed within range. EURUSD and GBPUSD traded within ranges of about 100 pips, and finished just a few pips from [...]

What’s on the Economic Horizon
Big Ben to Talk at Jackson Hole
German CPI on Deck
UK GDP – No Revisions?
United States
Too little, too late? Sentiments on the dollar put a crimp on its price action yesterday despite printing better-than-expected economic data. EURUSD capped the day off at 1.2716 after hitting an intraday high of 1.2765. Meanwhile, [...]

What’s on the Economic Horizon
US Weekly Jobless Claims to Slide Below 500K
German Consumer Climate to Improve This Month
Swiss Q2 Employment Level On Tap
United States
Hang in there, ‘ol buddy! The dollar managed to end the day with mixed results despite printing weak economic data yesterday. The greenback lost against the pound and the franc, but managed [...]

What’s on the Economic Horizon
US New Home Sales to Disappoint Also?
German Ifo Business Climate Index Due
United States
Risk aversion reigned supreme yesterday as all the gloom and doom renewed demand for the safe-havens. Because of that, the Greenback scored tons of winnings against most of its major counterparts, except for the Swissy and the yen. More…
Euro [...]

I my last post I had shared a view of the 240-minute time frame and the exhaustion area I was watching there. Prices came close but never reached the area where I felt that the bullish momentum would shift as it ran into selling pressure so I began looking at more near-term resistance within the [...]