Popular Posts

Forex News»

Opinions»

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

Sep 23, 2014 02:31
The USDJPY has rallied aggressively higher after breaking out of the long term consolidation pattern we witnessed for the first half of the year. It’s no surprise the breakout...

Majors»

GBP/USD Forecast Sep. 22-26

GBP/USD Forecast Sep. 22-26

Sep 21, 2014 19:31
The British pound displayed some late-week volatility, as GBP/USD posted sharp gains, albeit temporarily, as the pair was almost unchanged at the end of the week. GBP/USD...
  • USD/JPY Forecast Sep. 22-26
    USD/JPY Forecast Sep. 22-26
    The yen continues to drop, as USD/JPY gained about 160 points last week. The pair closed the week just shy of...
    on Sep 21, 2014 13:57
  • EUR/USD Forecast Sep. 22-26
    EUR/USD Forecast Sep. 22-26
    EUR/USD failed to recover, and eventually fell to a new 14 month low. Is this the pair set to continue declining?...
    on Sep 20, 2014 16:40
  • Forex Weekly Outlook Sep. 22-26
    Forex Weekly Outlook Sep. 22-26
    The dollar had another positive week, advancing against most currencies on the background of the the FOMC meeting....
    on Sep 19, 2014 17:44

Minors»

AUD/USD Forecast Sep. 22-26

AUD/USD Forecast Sep. 22-26

Sep 21, 2014 16:23
AUD/USD continued its losing ways last week, losing close to 100 points, as the pair closed at 0.8922. AUD/USD has now slipped to its lowest level since March. It’s...
  • USD/CAD Forecast Sep. 22-26
    USD/CAD Forecast Sep. 22-26
    The Canadian dollar rebounded last week, gaining over 100 cents against the US dollar. USD/CAD closed the week...
    on Sep 21, 2014 15:25
  • NZD/USD Forecast Sep. 22-26
    NZD/USD Forecast Sep. 22-26
    The New Zealand dollar dropped to new lows. Yes, once again. Can the bleeding stop now? Trade balance is the...
    on Sep 21, 2014 11:01
  • AUD/USD Forecast Sep. 15-19
    AUD/USD Forecast Sep. 15-19
    AUD/USD suffered its worst week in over a year, losing more than 300 points. The pair closed the week slightly...
    on Sep 14, 2014 16:05

Basics & Industry»

How to Use Parabolic SAR in Forex

How to Use Parabolic SAR in Forex

Sep 18, 2014 08:52
One of the most common strategies in forex trading is to follow trends. However, it is often difficult to know exactly when a trend has begun and – equally importantly –...

Recent Articles

Market Movers Episode #16: Risk Reward Ratio, Digesting the Fed and Chinese wobbles

Market Movers Episode #16: Risk Reward Ratio, Digesting the Fed and Chinese wobbles

What is a risk-reward ratio and why is it important? We explain and also discuss the right and wrong way to incorporate the ratio in your system. Why did the dollar rally on the FOMC meeting? 5 reasons are provided and we look forward. Last but not least, we discuss the recent wobbles around China. Welcome

Temporary Aussie relief

Temporary Aussie relief

The main standout overnight is the recovery in the Aussie dollar, which has recovered back above the 0.89 level after the latest data from China brings at least some relief at the margins. The rise in the HSBC manufacturing series was marginal (from 50.2 to 50.5), but was sufficient to take away some of the

EUR/USD Sep. 23 – Moves higher in range as PMIs pour in

EUR/USD Sep. 23 – Moves higher in range as PMIs pour in

EUR/USD is trading steadily in the middle of the low range, between 1.2820 to 1.2870. This comes as purchasing managers’ indices begin pouring in and after Draghi managed not to rock the boat in his testimony yesterday. Apart from PMIs, we have quite a bit of Fed speak today. Here’s a quick update on technicals, fundamentals

French PMIs beat forecasts – EUR/USD edges higher

French PMIs beat forecasts – EUR/USD edges higher

French manufacturing PMI rose nearly two points to 48.8. Services PMI slipped nearly one point to 49.4. While both indicators are in contraction zone, the overall result is better than expected. EUR/USD is now rising above 1.2850, well within the range. Markit’s preliminary purchasing managers’ indicator for the manufacturing sector was expected to show a rise from

AUD/USD escapes the lows on upbeat Chinese manufacturing PMI

AUD/USD escapes the lows on upbeat Chinese manufacturing PMI

Chinese news continues to dominate the Aussie’s trading. The independent and highly regarded purchasing managers’ index from HSBC and Markit for China’s manufacturing sector surprised with a rise to 50.5 points, better than 50 points expected for the month of August. AUD/USD managed to ride on this and gradually rise above the 0.89 handle. Is this

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

The USDJPY has rallied aggressively higher after breaking out of the long term consolidation pattern we witnessed for the first half of the year. It’s no surprise the breakout out of such a long term churning pattern has been so explosive. The bullish momentum has now pushed price to an extended point relative to its

US Existing home sales stand at 5.05 million in August – below expectations

US Existing home sales stand at 5.05 million in August – below expectations

A slight disappointment in the US housing sector: existing home sales slid to 5.05 million (annualized). This is a drop of 1.8%. Sales of existing (second hand) homes) were expected to stand at an annualized level of 5.21 million in the month of August, up from 5.15 in July (before revisions). Towards the publication, EUR/USD traded

Markets Consolidate Before PMI Tuesday

Markets Consolidate Before PMI Tuesday

Fresh off the biggest IPO in history, equity markets have begun the new trading week in lethargic fashion, having a hard time building any momentum off the record setting capital raise from Alibaba on Friday.  With a light economic calendar on Monday, focus of market participants has been on headlines from central bank policy makers, along with position

FX weekly pivots, currencies to watch and key events

FX weekly pivots, currencies to watch and key events

FX Majors Weekly Pivots   R3 R2 R1 Pivot S1 S2 S3 EURUSD 1.3107 1.305 1.2943 1.2886 1.2778 1.2721 1.2614 GBPUSD 1.6855 1.6688 1.6494 1.6328 1.6132 1.5966 1.5769 USDCAD 1.1279 1.1188 1.1068 1.0977 1.0856 1.0766 1.0644 USDJPY 112.59 110.984 109.954 108.392 107.345 105.77 104.744 USDCHF 0.9589 0.9511 0.9457 0.9378 0.9324 0.9246 0.9192   Currencies/Events to

The Aussie goes down under

The Aussie goes down under

After the excitement of last week, FX markets are back to reality, which includes fresh concerns regarding the fine balancing act going on in China. Asian stocks and key commodities are starting the week softer, after comments from the Chinese Finance Minister played down the possibility of more stimulus from the government. This is the

AUD/USD to 0.75 says Dr. Doom – 5 reasons

AUD/USD to 0.75 says Dr. Doom – 5 reasons

Nouriel Roubini, also known as Dr. Doom after predicting the global financial crisis, sees dark forecasts for Australia’s economy and says the currency is likely to weaken to 75 cents against the dollar – over 1300 pips from the price at the time of writing. Is the recent fall of the Aussie just the beginning?