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USD May Pause For Correction – Looking At AUDUSD & USDCAD

USD May Pause For Correction – Looking At AUDUSD & USDCAD

Jul 7, 2015 11:11
AUDUSD keep its downward direction now close to the 1.618 projection of the 3 wave in the 3 wave of the larger degree. According to the count we see a possible pullback soon...

Majors»

GBP/USD Forecast July 6-10

GBP/USD Forecast July 6-10

Jul 5, 2015 19:44
GBP/USD sustained sharp losses for a second straight week, losing about 140 points. There are 12 events this week. Here is an outlook on the major events moving the pound...

Minors»

AUD/USD Forecast July 6-10

AUD/USD Forecast July 6-10

Jul 5, 2015 12:42
AUD/USD lost about 100 points last week, and briefly slipped below the 0.75 line for the first time in over six years. The pair closed the week at 0.7746. This week’s...
  • NZD/USD Forecast July 6-10
    NZD/USD Forecast July 6-10
    The New Zealand dollar does not see any bottom in sight. Another week saw new multi-year lows as the post-crisis...
    on Jul 5, 2015 10:42
  • USD/CAD Forecast July 6-10
    USD/CAD Forecast July 6-10
    The Canadian dollar sagged badly last week, as USD/CAD shot up about 200 points. The pair closed the week...
    on Jul 4, 2015 22:19
  • AUD/USD Forecast June 29 – July 3
    AUD/USD Forecast June 29 – July 3
    AUD/USD softened late in the week, and lost about 80 points over the week. The pair closed the week at 0.7746. It’s...
    on Jun 28, 2015 14:16

Basics & Industry»

Greek crisis – updates from 7 forex brokers

Greek crisis – updates from 7 forex brokers

Jun 28, 2015 16:34
The crisis in Greece has significantly deteriorated over the weekend. This implies extreme volatility as markets open in early Asian trading. Some brokers have taken measures...

Recent Articles

Is Germany about to accept a big Greek debt restructuring? 5 Developments

Is Germany about to accept a big Greek debt restructuring? 5 Developments

Germany led the European opposition to reject any kind of debt restructuring for Greece. They insisted that Greece must make “reforms”, aka more austerity and that that is the only way out. One reason is that the German public would not react positively to seeing losses on Greek bailouts. Some had suspected the Europe did not want to negotiate with Tsipras.

EUR/USD: Watching The Decisive T-Junction At 1.0962/55 – JP Morgan

EUR/USD: Watching The Decisive T-Junction At 1.0962/55 – JP Morgan

What’s next for EUR/UD after the not-so-strong blow it received from the Greek referendum? The team at JP Morgan analyzes the charts: Here is their view, courtesy of eFXnews: EUR/USD latest sell-off at this week’s market opening brought the key-support cluster at 1.0962/55 (minor 76.4 %/pivot) back into focus, notes JP Morgan. “Below, 1.0962/55 remains at

4 reasons why the Canadian dollar is selling off – USD/CAD tops 1.27

4 reasons why the Canadian dollar is selling off – USD/CAD tops 1.27

The Canadian dollar is suffering or if you wish: the loonie is lonely. Dollar/CAD continues its rise and reaches 1.27. While it is still below this year’s highs, the trend is very clear. The Canadian dollar is suffering from multiple problems at home and abroad. Here are the main drivers: Weak Canadian economy: the GDP report for April

USD May Pause For Correction – Looking At AUDUSD & USDCAD

USD May Pause For Correction – Looking At AUDUSD & USDCAD

AUDUSD keep its downward direction now close to the 1.618 projection of the 3 wave in the 3 wave of the larger degree. According to the count we see a possible pullback soon but just a corrective one in its nature before we resume lower levels. Comments from the RBA from last night imply they

EUR/USD falls towards low support as Greek debt cuts reach the agenda

EUR/USD falls towards low support as Greek debt cuts reach the agenda

After we have seen a second week of Sunday gaps in EUR/USD result in a filled gap, we may now be seeing a deeper fall. EUR/USD is trading below 1.10, close to the recent Sunday gap levels but still above the previous one. This happens as talks around Greece intensify. Greeks gave a big NO to the

UK Manufacturing Production falls 0.6%, industrial output +0.4%

UK Manufacturing Production falls 0.6%, industrial output +0.4%

Mixed and confusing data out of the UK: on one hand, manufacturing production is down 0.6% on the month and only 1% up y/y, below expectations. On the other hand, the wider industrial production is up 0.4%, much better than expected and 2.1% y/y. GBP/USD is trading choppily but doesn’t pick a new direction. The UK was

Waiting for a Greek proposal

Waiting for a Greek proposal

Capital controls are unlikely to be lifted for some time unless a deal can be agreed upon in the next day or so. The ECB has tightened up collateral rules for Greek banks to access its ELA and Merkel and Hollande made it clear yesterday that it is now up to Greece to come forward

AUD/USD goes deeper below 0.75 after the RBA decision – new 6 year low

AUD/USD goes deeper below 0.75 after the RBA decision – new 6 year low

AUD/USD had already dipped below 0.75 in a Sunday gap but the battle was still raging. Not any more. This is not low enough for the Reserve Bank of Australia. While they left the rates unchanged at 2%, they kept talking down the A$. The new low is already 0.7433, the lowest since 2009. Here is

EURUSD, USDJPY, GBPUSD Pivot Points, TA – July 7 2015

EURUSD, USDJPY, GBPUSD Pivot Points, TA – July 7 2015

EURUSD Daily Pivots R3 1.1235 R2 1.1165 R1 1.1109 Pivot 1.1039 S1 1.0983 S2 1.0913 S3 1.0858 EURUSD (1.103): EURUSD closed on a bullish note yesterday despite opening weak. Daily charts price action still remains range bound within last week’s high and low and therefore we keep our options open on the bias until there

EUR/PLN: Standing Tall

EUR/PLN: Standing Tall

Over the past year Polish voters have twice rejected centralist Civic Party incumbents in favor of populist Law and Justice Candidates. The change in government isn’t because of the economy. Poland’s 3.4% 2014 GDP growth was well ahead of 1.3% GDP growth of its fellow EU members. In spite of the economic problems of the