Popular Posts

Forex News»

  • AUD/JPY 4-Hourly Looks Like A Short
    AUD/JPY 4-Hourly Looks Like A Short
    The AUD/JPY appears to be trading slightly above its immediate support of 100. However, the main indicators, Ichimoku...
    on Nov 27, 2014 21:25

Opinions»

ECB tentatively edges closer to QE in 2015; more EUR weakness likely

ECB tentatively edges closer to QE in 2015; more EUR weakness likely

Nov 27, 2014 11:35
The characterisation of Europe as “elderly and haggard” by Pope Francis is an accurate one, but on December 4 the European Central Bank could lay the groundwork to try...

Majors»

GBP/USD Forecast Nov. 24-28

GBP/USD Forecast Nov. 24-28

Nov 23, 2014 18:38
The British pound managed to hold its own against the dollar last week, showing slight losses. The pair closed at 1.5627. This week’s key events are the Inflation Report...
  • USD/JPY Forecast Nov. 24-28
    USD/JPY Forecast Nov. 24-28
    The wobbly yen continues to lose ground, as USD/JPY climbed close to 100 points last week. The pair closed at...
    on Nov 23, 2014 17:25
  • EUR/USD Forecast Nov. 24-28
    EUR/USD Forecast Nov. 24-28
    EUR/USD traded in range for some time, but eventually lost ground and closed under 1.24. Can it extend its falls?The...
    on Nov 22, 2014 15:00
  • Forex Weekly Outlook November 24-28
    Forex Weekly Outlook November 24-28
    The dollar strengthened quite nicely, with the exception of the loonie, as the US economy and the Fed remain firmly...
    on Nov 21, 2014 16:20

Minors»

USD/CAD Forecast Nov. 24-28

USD/CAD Forecast Nov. 24-28

Nov 23, 2014 16:02
The Canadian dollar showed some movement in both directions but was little changed at week’s end. USD/CAD posted slight losses, closing the week at 1.1231. This week’s...
  • AUD/USD Forecast Nov. 24-28
    AUD/USD Forecast Nov. 24-28
    AUD/USD headed to lower ground last week, losing close to 100 points. The pair closed at 0.8659. This week’s...
    on Nov 23, 2014 14:12
  • NZD/USD Forecast Nov. 24-28
    NZD/USD Forecast Nov. 24-28
    The New Zealand dollar struggled to continue advancing, as contradicting data kept it abay. What’s the...
    on Nov 23, 2014 11:37
  • AUD/USD Forecast Nov. 17-21
    AUD/USD Forecast Nov. 17-21
    AUD/USD bounced back last week, gaining close to 100 points. The pair closed at 0.8736. This week has six events,...
    on Nov 16, 2014 18:27

Basics & Industry»

5 Commandments That Will Catapult You to Your Desired FX position

5 Commandments That Will Catapult You to Your Desired FX position

Nov 25, 2014 08:08
Do you know that a huge number of Forex traders are in trouble? Do you really know the cause of such a predicament? Many even regret knowing the existence of FX, do you know...

Recent Articles

AUD/JPY 4-Hourly Looks Like A Short

AUD/JPY 4-Hourly Looks Like A Short

The AUD/JPY appears to be trading slightly above its immediate support of 100. However, the main indicators, Ichimoku cloud and the MACD suggest that the currency pair could decline further in the near term, with a possibility of sliding further towards the 99-98 region. On the top side, the currency pair couls rise towards the

Liquidity Sparse While OPEC in Focus

Liquidity Sparse While OPEC in Focus

While financial markets are likely to be significantly impacted by the illiquidity resulting from the American Thanksgiving holiday today, the end of the week is by no means devoid of fundamental event risk with implications for global financial markets.  European markets are trading in positive territory midway through their session, though key economic data points

German HICP inflation falls to 0.5% in November

German HICP inflation falls to 0.5% in November

It’s not only the periphery: also Germany is experiencing very low inflation. The lower prices of oil together with a relatively lower euro in November trigger an HICP level of 0.5% y/y, lower than 0.6% expected and than 0.7% in October. It is also the lowest since November 2010. The national level is 0.6% y/y and both

ECB tentatively edges closer to QE in 2015; more EUR weakness likely

ECB tentatively edges closer to QE in 2015; more EUR weakness likely

The characterisation of Europe as “elderly and haggard” by Pope Francis is an accurate one, but on December 4 the European Central Bank could lay the groundwork to try and revitalise the region’s sagging economy. If was down to European Central Bank President Mario Draghi, the Eurozone would already be on the receiving end of

OPEC talks take center stage

OPEC talks take center stage

The squeeze continues for the shorts in EURUSD as it recaptured the 1.2500 level on the back of yet further weaker than expected US data. It was as if buyers of the dollar had packed up early for Thanksgiving which will take the edge of today’s trading session and will suffer from very low volumes.

German unemployment falls 14K, but German state inflation looks bad

German unemployment falls 14K, but German state inflation looks bad

While German inflation is low, the employment situation is improving in the euro-zone’s largest economy: another drop in the number of unemployed: 14K. This is much better than a minor drop and following a big drop beforehand. The unemployment rate dropped to 6.6% from 6.7% beforehand. This is good news for Germany, but the ECB is out

EUR/USD Nov. 27 – Slipping below 1.25 as EZ inflation weakness counters US data weakness

EUR/USD Nov. 27 – Slipping below 1.25 as EZ inflation weakness counters US data weakness

EUR/USD is slipping from high ground at 1.25, following the unimpressive US data. A busy schedule ahead of the Thanksgiving holiday wasn’t all bad, but it certainly leaned to the downside and the US dollar reacted negatively, with EUR/USD taking one leg higher. And while Americans are getting ready for the feast, we have a busy day in

EUR/USD: Double Bottom; Cable: Consolidation – RBS

EUR/USD: Double Bottom; Cable: Consolidation – RBS

An interesting pattern is seen on the euro/dollar chart, with the pair trading above a double bottom line. What does this mean for the next moves for the pair? The team at RBS also examine GBP/USD in the analysis below: Here is their view, courtesy of eFXnews: The EUR/USD has been trading comforably above a

US new home sales misses with 458K – Dollar down

US new home sales misses with 458K – Dollar down

It’s not the dollar’s day: new home sales missed with 458K (annualized) and pending home sales dropped 1.1% instead of rising 0.9% as predicted. In addition, September’s new home sales were revised down from 467K to 455K. The dollar is down, with EUR/USD crossing 1.25, USD/JPY is below 117.50 and makes another attempt at 1.58.

Dollar Weakens Ahead of OPEC Meeting and Thanksgiving Holiday

The US dollar is on the defensive following another quiet overnight session. Tomorrow’sThanksgiving holiday is leaving North American trading floors half empty today despitetomorrow’s very important OPEC meeting. Meeting in Vienna tomorrow, OPEC leaders will make decisions with far-reaching implications from the local gas pump to the oil-dependent budgets of Russia and Iran. Oil prices