German Factory Orders May Support EUR Today
March 8, 2011 5:30 am by Anton EljwizatThe Japanese yen experienced one of its most bullish trading days in recent weeks yesterday. The JPY made significant gains against many of its most traded currency pairs, such as the GBP and CHF.
GBP/JPY Testing Significant Resistance Level at 134.25
February 14, 2011 7:30 am by Greg HoldenThe British pound is once more pushing towards its significant resistance level against the Japanese yen at 134.25. The pair has tested this price barrier twice before over the previous five months, failing to breach both times.
GBP/JPY Continuing 6-Month Bearish Channel
January 20, 2011 8:00 am by Greg HoldenThe long-term trading pattern on the GBP/JPY appears to reveal a distinctive bearish channel over the past six months.
Safe Haven Currencies on the Rise
November 17, 2010 9:55 am by Anton EljwizatSafe haven currencies, like the U.S. dollar, experienced one of the more bullish trading days in recent weeks yesterday. The USD and JPY made significant gains against many of their most traded currency pairs, such as the GBP and EUR.
USD/JPY Spike Raises Questions about Possible BOJ Intervention
November 1, 2010 5:22 am by Greg HoldenThis week is expected to be heavy with economic news and traders will want to stay tuned with the rumblings taking place in the US and Japan over further currency interventions. Early this morning, the currencies from both countries experienced ...
Is a Currency War Looming?
October 6, 2010 7:46 am by Natalie R.The Bank of Japan surprised the financial markets Tuesday by announcing a 35 trillion yen ($418 billion) monetary easing program as well as stating it would cut its key overnight call rate to a range of 0.0%-0.1% for the foreseeable ...
JPY May Gain from Industry Growth; BOJ May Intervene as a Result
September 28, 2010 6:13 am by Greg HoldenThe US dollar has been declining steadily against all of its currency rivals since the opening of this week’s market. As of early Asian trading this morning, the buck has seen a view positive corrections, but little which would indicate ...
EUR/JPY uptrend might be at Its End
September 17, 2010 9:50 am by Anton EljwizatThe pair has recorded much bullish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the 8-hour chart signals that a bearish reversal is imminent, ...
Will the Bank of Japan Intervene in the Currency Market?
September 7, 2010 4:56 am by Greg HoldenThe US dollar’s resurgence in today’s early morning hours has led to a number of significant support levels on USD crosses being tested. The EUR/USD pair has dipped towards the 1.2790 support line, while the GBP/USD hit 1.5350 and seems ...
CHF/JPY Targeting 83.20 Following KOF Report
August 27, 2010 11:51 am by Greg HoldenSwitzerland is due to publish its KOF Economic Barometer report today at 9:30 GMT. This measure is a gauge of Swiss economic sentiment and is meant to forecast the direction of the economy in the six months following. The Swiss ...
