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AUD/USD: Trading the Australian Employment Change

AUD/USD: Trading the Australian Employment Change

Jul 7, 2015 22:40
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast...

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

AUD/USD: Trading the Australian Employment Change

AUD/USD: Trading the Australian Employment Change

Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 1:30 GMT. Indicator Background Job creation is one

EUR/USD Trading in Large Triangle below 200-Day EMA

EUR/USD Trading in Large Triangle below 200-Day EMA

EUR/USD (daily chart as of July 7, 2015) has been trading in a large triangle since early February (between the bold red and blue trend lines on chart). It appears that current price is trading below the lower edge of the large triangle range. Watch closely the price action against this lower edge for the

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.

USD/CAD hits high resistance on more falls in oil, Canadian trade balance

USD/CAD hits high resistance on more falls in oil, Canadian trade balance

The Canadian dollar extends its losing streak. USD/CAD hit a new high of 1.2778, getting closer to the cycle high of 1.2834. Only a few hours beforehand, it had struggled with 1.27. What has changed? New data came out worse than expected but also the old problem of falling oil prices intensified. Canada’s trade balance came out

AUD/USD dips below 0.74 together with the commodity sell-off

AUD/USD dips below 0.74 together with the commodity sell-off

The sell off in commodities intensifies and so does the fall of AUD/USD. After the RBA already expressed its desire for a weaker currency and the pair settled on lower ground, another sell off occurred. And this fall, the pair dropped and traded in the 0.73 handle. The new low is 0.7397 before the pair bounced

US JOLTs remain at high levels: 5.36 million

US JOLTs remain at high levels: 5.36 million

US JOLTs job opening stand at 5.36 million in May, around expectations which stood at 5.33 million. This was the number also in April (after revisions). The level of quits remained unchanged at 2.7 million, unchanged from April. The picture remains the same: continued moderate growth in the US labor market. This figure is eyed by

Debt relief or Grexit

Debt relief or Grexit

After taking stock of the weekend events, global equity markets have adverted another sharp sell-off and are trading with a modestly optimistic tone this morning.  The greenback broke out of yesterday’s consolidative pattern and is making broad gains across the G10 currency space, capitalizing on a downdraft in the euro that has taken the common-currency

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