Scandinavian Kroner Reaching Tipping Point vs. USD?
May 17, 2011 6:35 am by Greg HoldenLooking over the fundamentals tells the story of an ascendant Scandinavia in the currency world. The Swedish krona (SEK) and Norwegian krone (NOK) are among the globe’s highest yielding currencies from a fundamental standpoint. But why then does the technical ...
Dollar Correction Continues to Build Strength with Declines in Silver
May 12, 2011 1:48 pm by Russell GlaserThe rally in the dollar continues to build on last week’s gains as silver prices have fallen below last week’s low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen ...
Aussie Slumps to 4-Day Low vs. USD
April 19, 2011 2:37 pm by Greg HoldenThe Australian dollar (AUD) remains bullish in spite of monetary tightening in China. However, the concerns that restricted bank requirements for Chinese banks would impact its Pacific neighbors initially drove the Aussie to a 4-day low against the US dollar ...
S&P Spooks Market with Downgrade of US Outlook
April 19, 2011 2:35 pm by Greg HoldenStandard and Poor’s (S&P) rating agency downgraded its US long-term outlook from stable to negative today, citing indecisiveness among US policymakers as the main reason. The agency commented on how the downgrade was necessary considering that over two years have ...
USD May See Bullish Reversal Against NOK
April 6, 2011 8:08 am by Anton EljwizatAfter tumbling throughout the last week, technical indicators are now showing that the USD/NOK may be due for an upward correction. As we will see, now may be a good time for traders to open long positions for ...
GBP Rises on All Fronts
April 6, 2011 7:07 am by Anton EljwizatThe GBP experienced one of its most bullish trading days in recent weeks on Tuesday. The GBP made significant gains against many of its most traded currency pairs, such as the EUR, JPY and USD.
Sell Signals on AUD/USD
March 25, 2011 8:51 am by Anton EljwizatThe AUD/USD experienced much bullishness in the past few days, as it now stands at 1.0240. However; it seems that this trend may be coming to an end. I will illustrate below that the AUD/USD may very well be heading ...
EUR/CAD Uptrend Might be Near the End
March 21, 2011 7:44 am by Anton EljwizatThe volatile of the EUR/CAD pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the EUR/CAD pair. However, as I demonstrated below, it seems that the pair’s ...
News Out of Japan Continues to Dictate Market Movement
March 17, 2011 7:23 am by Anton EljwizatThe USD/JPY fell to a record low during the start of the overnight session, as the aftermath of last week's devastating earthquake and tsunami in Japan continue to generate extreme volatility in the marketplace. The pair dropped over 300 ...
USD/CHF Likely to Enter Upward Correction
March 16, 2011 8:51 am by Anton EljwizatThe USD has dropped significantly versus the CHF in the past few days, and it is currently traded around 0.9180. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that USD/CHF pair might ...
