Weekly Technical FX Preview – GBP/USD Shifting from Bearish to Bullish
August 1, 2011 8:41 am by Russell Glaser
Bank of Japan Interest Rate Decision
May 19, 2011 8:21 pm by Russell GlaserThe dollar traded lower during the New York trading session but still within defined price ranges as markets look for a new catalyst to continue the bullish run in the dollar. Later this evening the Bank of Japan will release ...
Euro Showing Signs of Weakness, Pound Tumbles
May 3, 2011 1:34 pm by Russell GlaserThe failure of the EUR/USD to advance above the 1.4900 level is beginning to slow momentum traders and profit taking in the pair has ensued. Versus the pound the euro is higher after weaker than expected UK manufacturing data. The ...
Today’s Summary: Industry Faltering, GDP Sluggish, Dollar Bearish
April 28, 2011 8:25 pm by Greg HoldenAn ominous trend has developed among the top global economies in regards to industrial production. Great Britain initially published a report which showed industrial order expectations sinking rapidly for the month of April. Then the euro zone released its industrial ...
Sterling Trading Higher After GDP Data as All Eyes Turn To Bernanke
April 27, 2011 2:39 pm by Russell GlaserThe pound is the best performer on the day after the Q1 GDP data while the yen is down. All this leads up to the US interest rate announcement and the inaugural Fed press conference with Chairman Ben Bernanke to ...
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/JPY Targets the 84.50 Level
March 4, 2011 11:43 am by Yan PettersThe USD/JPY pair has been range-trading for the past ten weeks, shifting between the 81.00 and the 84.50 levels. The pair recently reached a significant support level yet failed to cross it. As a result, the USD/JPY began climbing upwards, ...
USD/JPY Approaches Significant Support Level At 81.60
February 25, 2011 2:51 pm by Yan PettersThe USD/JPY pair saw a very strong bullish trend in February, reaching as high as the 83.96 level. However, once the pair climbed towards almost 84.00, a sudden correction took place which was only stopped at the 81.60 level. Currently, ...
Technical Tip – USD/JPY Triangle
February 10, 2011 8:26 pm by Russell GlaserFollowing 10-weeks of consolidation, the USD/JPY has broken out of a triangle pattern.
