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GBP/USD: Trading the US Advance GDP

GBP/USD: Trading the US Advance GDP

Jul 29, 2014 18:12
US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as...

Majors»

GBP/USD Forecast July 28-Aug.1

GBP/USD Forecast July 28-Aug.1

Jul 27, 2014 19:56
GBP/USD took a tumble last week, as the pound coughed up over a 100 points and slipped below the 1.70 level. The pair closed the week at 1.6964. This week’s...
  • USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY rose from the lows approaching the well known 102 line once again in a week that saw lots of dollar strength....
    on Jul 27, 2014 12:25
  • EUR/USD Forecast Jul 28-Aug 1
    EUR/USD Forecast Jul 28-Aug 1
    EUR/USD lost ground for another week and reached levels last seen in November 2013. Will it continue lower? Inflation...
    on Jul 26, 2014 15:00
  • Forex Weekly Outlook Jul. 28 – Aug. 1
    Forex Weekly Outlook Jul. 28 – Aug. 1
    The US dollar advanced nicely in a week that saw mixed data. A triplet of top tier US events dominates the scene:...
    on Jul 25, 2014 19:59

Minors»

NZD/USD Forecast Jul. 28 – Aug. 1

NZD/USD Forecast Jul. 28 – Aug. 1

Jul 28, 2014 18:24
The New Zealand dollar was hit hard despite a rate hike. Where will it find a bottom? As the calendar is light, the kiwi is likely to continue digesting the words coming...
  • AUD/USD Forecast July 28-Aug. 1
    AUD/USD Forecast July 28-Aug. 1
    AUD/USD was unchanged for a third consecutive week, as the pair closed at 0.9384. This week’s highlight are...
    on Jul 27, 2014 14:53
  • USD/CAD Forecast July 28-Aug. 1
    USD/CAD Forecast July 28-Aug. 1
    The Canadian dollar sagged on Friday, as USD/CAD pushed above the 1.08 level, closing at 1.0803. On the release...
    on Jul 27, 2014 14:09
  • AUD/USD Forecast July 21-25
    AUD/USD Forecast July 21-25
    AUD/USD was unchanged for a second straight week, as the pair closed at 0.9382. This week’s highlight is...
    on Jul 20, 2014 14:14

Basics & Industry»

Price Action is Not a System

Price Action is Not a System

Jul 29, 2014 08:07
Many forex traders like well-defined guidelines when they trade. This is a key characteristic of many trading systems, which provide a rigidly defined set of rules and leave...

Recent Articles

Canadian dollar continues falling – USD/CAD back to previous range

Canadian dollar continues falling – USD/CAD back to previous range

The US dollar is on a roll and the Canadian dollar is unable to weather the storm. USD/CAD is trading around 1.0850, the highest level since June 18th. If we look at the daily chart, we can see that before Dollar/CAD began tumbling down in mid June, it traded in a higher range of 1.0810 to 1.0950

EUR/USD holding on to 1.34 – break or bounce?

EUR/USD holding on to 1.34 – break or bounce?

After hovering in range early in the week, the pair made another move down and so far it manages to cling onto support at 1.34. It completely erased the hammer pattern that began forming last week, and looks to hit new lows. The reports of new, severe sanctions against Russia joined the better than expected

GBP/USD: Trading the US Advance GDP

GBP/USD: Trading the US Advance GDP

US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. The Advance GDP is the first of three versions and has the most impact on the movement of GDP/USD.

EUR/GBP Cycle Window shows upward mobility

EUR/GBP Cycle Window shows upward mobility

Let us consider the chart below: what do we see? The chart shows the EUR/GBP pair carving a four-year cycle, from (03) July 2009 to (03) July 2013, with black (bullish) and red (bearish) lines joining the start of each July point; the movement shows the following characteristics: a) the fulcrum, at 0.85(xx), is also

CB Consumer Confidence jumps to 90.9 points – USD extends gains

CB Consumer Confidence jumps to 90.9 points – USD extends gains

Consumer confidence is on the rise and leaps to 90.9 points, above expectations. The Conference Board’s consumer confidence measure was predicted to tick up from 85.2 to 85.5 now in July. Update: last month’s number was now revised to 86.4 points. The dollar strengthened towards the publication, with EUR/USD trading just above 1.3410, GBP/USD under

Sparse Economic Calendar Incites Déjà Vu

Sparse Economic Calendar Incites Déjà Vu

Global equity markets are in a state of déjà vu this morning, with another strong rally during the overnight Asian session unable to see its optimism filter through to North American equity futures.  The Shanghai Comp posted a sixth consecutive day of gains as the index rose by 0.24% creating a parabolic-like chart of price

EUR/USD July 29 – Rangebound Trade Continues

EUR/USD July 29 – Rangebound Trade Continues

EUR/USD continues to show very little activity on Tuesday, as the pair trades in the mid-1.34 range in the European session, its lowest level since November. German data remains soft, as German Import Prices posted a weak gain of 0.2%. In the US, today’s highlight is CB Consumer Confidence. The markets are expecting another strong showing from the

Dollar poised to improve  on six week highs

Dollar poised to improve on six week highs

A lack of major economic releases yesterday meant for a slow day of trading but overnight the Yen has seen a little action as USDJPY hits a three week high just pushing up against the 102.00 level.  A surprise rise in unemployment to 3.7% and weaker retails sales in Japan gave traders an excuse to

EUR/GBP Nudging A Key Breakout Resistance Area

EUR/GBP Nudging A Key Breakout Resistance Area

Technical Bias: Bullish Key Takeaways • Euro likely completed a short-term correction against the British pound. • 0.7915 is a major resistance and a breakout area for the EURGBP pair. • EURGBP support seen at 0.7900 and resistance ahead at 0.7915-20. The Euro after climbing as high as 0.7935 against the British pound moved lower,

NZD/USD spills the milk – falls to lower support

NZD/USD spills the milk – falls to lower support

There is no rest for the kiwi dollar since it was hit by the RBNZ. This time, the fresh fall comes from the price of milk – a major export for the New Zealand economy. NZD/USD dropped another leg lower and is approaching support at the round number of 0.85. Fonterra, New Zealand’s milk company, cut its