Golden Week Holiday Removes Japan from Market Liquidity
April 29, 2011 4:49 pm by Greg HoldenToday kicks off the beginning of Golden Week in Japan with the observance of Showa Day, previously celebrated as the Emperor’s Birthday. As a series of back-to-back holidays, Golden Week is a busy tourist period in Japan that leaves the ...
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 ...
USD Unlikely to Extend Gains with Trade Balance Figure
April 12, 2011 6:26 am by Dan EduardYesterday saw a mixed trading session for both the USD and CAD. While both recorded gains against the British pound throughout the day, the yen was able to develop serious bullish momentum in overnight trading, and took in well ...
Yen Slides after G7 Decides to Intervene in Yen’s Trading
March 18, 2011 7:24 am by Anton EljwizatThe Japanese yen continues to dominate economic news. After several days on which the yen appreciated on all fronts, the Group of seven industrial nations has decided to aid Japan by actively intervening in yen’s trading.
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 ...
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.
EUR/JPY May Turn Bearish
March 4, 2011 10:45 am by Anton EljwizatA bullish movement in EUR/JPY has pushed a number of technical indicators into the over-bought territory. As I will demonstrate below, the EUR/JPY may very well be heading for a reversal, as a bearish cross has taken place on the ...
GBP/JPY Uptrend might be in the End
February 16, 2011 8:11 am by Anton EljwizatIn the last three weeks trading, the GBP/JPY experienced much bullishness, as it stands now at 135.40. However as I demonstrate below, it seems that the pair's bullish run may have run of steam, and a bearish correction could be ...
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 Likely to See Downward Reversal
February 11, 2011 7:51 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 daily chart signals that a bearish reversal is imminent, ...
