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USD/JPY: Trading the US New Home Sales

USD/JPY: Trading the US New Home Sales

Nov 26, 2014 09:00
US New Home Sales indicator is released monthly, and provides analysts with important data on the health of the housing sector. A higher reading than the market prediction...

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

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

US Data: durables mixed, claims disappoint, Core PCE ticks up – USD slides

US Data: durables mixed, claims disappoint, Core PCE ticks up – USD slides

The big bulk of US data produces mixed results. Beginning from durable goods orders, we have a beat on the headline but a miss on the core. Jobless claims badly disappoint with a rise of 21K to 313K. The Core PCE Price Index watched by the Fed ticks up to 1.6% y/y. The dollar is looking

CAD: Hitching A Ride – Credit Agricole

CAD: Hitching A Ride – Credit Agricole

The Canadian dollar is certainly enjoying some strength, despite falling oil prices and due to domestic strength. The team at Credit Agricole analyzes the factors moving the C$ and looks to the new levels: Here is their view, courtesy of eFXnews: CAD is one of the top performing currencies over the past month among the

Euro-zone QE looks very real after Constancio offers justification, timing and details

Euro-zone QE looks very real after Constancio offers justification, timing and details

The European Central Bank has been hinting about outright Quantitative Easing (QE) as a possibility, and this includes president Mario Draghi, who mentioned it. However, some of his colleagues have played it down. It now seems more like a question of “when” rather than “if”: ECB Vice President Vitor Constancio talks about gauging it during Q1, according

EURUSD, GBPUSD, USDJPY Pivot Points, TA Nov. 26 2014

EURUSD, GBPUSD, USDJPY Pivot Points, TA Nov. 26 2014

EURUSD Daily Pivots R3 1.2591 R2 1.2538 R1 1.2506 Pivot 1.2453 S1 1.242 S2 1.2367 S3 1.2335   EURUSD continued its gains for the second day of the week, rising above the 1.245 handle. Price action looks close to testing the main support/resistance level at 1.252 handle which will offer more clues into the direction

EURUSD at upper channel resistance; USD/CHF above invalidation level : Elliott Wave Analysis

EURUSD at upper channel resistance; USD/CHF above invalidation level : Elliott Wave Analysis

Markets are mixed across the board ahead of Thanksgiving Day in the US. The USD is down against the EUR and GBP, but up against the commodity currencies, particularly AUD. Metals did not go far lately, while stocks are still in an uptrend but we may see a »holiday reversal« effect which means a temporary

Oil is important to watch

Oil is important to watch

The euro’s bounce against the dollar continued yesterday as stronger GDP data from the US wasn’t enough to compete against a poor consumer confidence reading. If shorts continue to be squeezed and EURUSD crawls higher we could see more pressure on the bears with a move back towards recent highs around 1.2600, especially since the

AUD/USD loses 0.85 – extends slide to new 4 year low

AUD/USD loses 0.85 – extends slide to new 4 year low

The Australian dollar remains on the back foot, still suffering from Lowe’s negative comments and falling despite a lack of USD strength. Update: the US dollar is now strengthening, but it seems that the A$ is the weakest in the pack at this time, vulnerable more than others. The falling prices of copper also weighs on

UK Q3 GDP confirmed at +0.7%, investment falls – GBP/USD slides

UK Q3 GDP confirmed at +0.7%, investment falls – GBP/USD slides

No surprises in the second read of GDP growth for the third quarter of the year: the economy grew by 0.7%. There is still one more read due. Business investment disappoints with a slide of 0.7%, significantly worse than expected. GBP/USD is quite stable after the publication. Update: cable is now losing 1.57, but the move