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What’s next for EUR/USD and GBP/USD? Elliott Wave Analysis

What’s next for EUR/USD and GBP/USD? Elliott Wave Analysis

Sep 1, 2014 14:18
The USD has extended its gains from last week with EURUSD touching 1.3116. CHF and JPY were also weak against the buck, while AUD, CAD and GBP made some recovery. So generally...

Majors»

GBP/USD Forecast Sep. 1-5

GBP/USD Forecast Sep. 1-5

Aug 31, 2014 12:50
The British pound remained on low ground, licking its wounds. The new month offers a very busy calendar, with the rate decision and PMIs standing out. Can cable recover? Here...
  • USD/JPY Forecast Sep. 1-5
    USD/JPY Forecast Sep. 1-5
    USD/JPY remained on high ground in the last week of summer. As traders return, the main event this week is the...
    on Aug 31, 2014 11:00
  • EUR/USD Forecast Sep. 1-5
    EUR/USD Forecast Sep. 1-5
    EUR/USD started the week lower and could never recover. Expectations are higher for new policy measures from the...
    on Aug 30, 2014 15:00
  • Forex Weekly Outlook September 1-5
    Forex Weekly Outlook September 1-5
    The euro was the big loser in a week that otherwise saw some profit taking on dollar longs. The first week of September...
    on Aug 29, 2014 17:21

Minors»

AUD/USD Forecast Sep. 1-5

AUD/USD Forecast Sep. 1-5

Aug 31, 2014 12:30
AUD/USD showed a lot of strength, resisting the greenback and eventually moving higher. Can this continue without a response from the RBA? The rate decision and GDP are the...
  • NZD/USD Forecast Sep. 1-5
    NZD/USD Forecast Sep. 1-5
    The New Zealand dollar had another heavy week due to the greenback’s strength and the big trade deficit...
    on Aug 31, 2014 11:30
  • USD/CAD Forecast Aug. 25-29
    USD/CAD Forecast Aug. 25-29
    USD/CAD came close to the 1.10 line, but  then retracted and showed little change over the week. This week’s...
    on Aug 24, 2014 19:43
  • NZD/USD Forecast Aug. 25-29
    NZD/USD Forecast Aug. 25-29
    The New Zealand dollar continued struggling and dipped below 0.84. The calendar builds up with trade balance...
    on Aug 24, 2014 11:33

Basics & Industry»

The Advantages of Using a PAMM Account

The Advantages of Using a PAMM Account

Sep 1, 2014 09:00
You may have heard about PAMM accounts for forex trading, and might have wondered what they are. In essence, a PAMM account allows one trader – the manager – to make trades...

Recent Articles

Market Movers Episode #13: September’s big market movers from the US, Europe and others, and one rule of thumb

Market Movers Episode #13: September’s big market movers from the US, Europe and others, and one rule of thumb

In this episode, we preview the big events that are expected to rock markets in September: Non-Farm Payrolls, the Fed decision, the highly anticipated ECB drama and quite a few other releases that move currencies and commodities. The episode begins with a quick rule of thumb about money management that is always relevant. Welcome to a new

GBPJPY: Strengthens, Eyes The 174.00 Level

GBPJPY: Strengthens, Eyes The 174.00 Level

GBPJPY – With GBPJPY extending its Friday strength, further bullishness is envisaged. On further gains, resistance lies at the 173.50 level followed by the 174.21 level where a break will aim at the 175.50 level. A cut through here will open the door for more downside towards the 176.00 level. Its daily RSI is bullish

What’s next for EUR/USD and GBP/USD? Elliott Wave Analysis

What’s next for EUR/USD and GBP/USD? Elliott Wave Analysis

The USD has extended its gains from last week with EURUSD touching 1.3116. CHF and JPY were also weak against the buck, while AUD, CAD and GBP made some recovery. So generally speaking, we have a mixed USD picture, but larger trends are clear; The US dollar is in bullish mode so any pullbacks within

This week in the markets: Conflict in Ukraine further affects strength of the euro

This week in the markets: Conflict in Ukraine further affects strength of the euro

The US dollar strengthened early last week, after US durable goods data jumped in July. Demand for these goods rose by 22.6% from the previous month and was the biggest rise on record. An increase in commercial aircraft demand was one of the biggest contributors, with GBP/USD falling to a low of 1.6538 as a

EUR/USD Sep. 1 – Remains on the floor Ukraine news weighs

EUR/USD Sep. 1 – Remains on the floor Ukraine news weighs

EUR/USD started the new month after the summer vacations with yet another dip, following the downfall seen last week and that accelerated in the late hours. However, the pair managed to stabilize. In the euro-zone, we have more PMIs today and in the US we have the Labor Day holiday. The news from Ukraine continues to dominate

EUR/JPY could continue falling

EUR/JPY could continue falling

The Euro has declined heavily against most major currencies during the last several days, including against the Japanese yen. The EURJPY pair recently traded towards the 136.40 support area where the Euro buyers managed to take the pair higher. The pair is now trading a touch higher during this week. There were a few important

UK manufacturing PMI  falls to 52.5 – GBP/USD follows

UK manufacturing PMI falls to 52.5 – GBP/USD follows

The UK manufacturing PMI falls to the lowest since June 2013 with 52.5 points, indicating weak growth. Markit’s purchasing managers’ index for the manufacturing sector was expected to slide to 55.1 points in August after 55.4 points in July, which was now revised down to 54.8 points. This is the first PMI out of three. GBP/USD

Looking for FX divergence

Looking for FX divergence

Ultimately, what FX markets need is policy divergence between central bank policies of different currencies. We’re not quite there yet, because most of the debate is surrounding QE (ending or starting) and the potential for rate hikes (in the US and UK) more likely in 2015. This will likely remain the case this week as

The Advantages of Using a PAMM Account

The Advantages of Using a PAMM Account

You may have heard about PAMM accounts for forex trading, and might have wondered what they are. In essence, a PAMM account allows one trader – the manager – to make trades on behalf of other investors who are not actively involved in forex trading. In a way, you can think of this as being

Forex Crunch Key Metrics August 2014

Forex Crunch Key Metrics August 2014

The summer month of August saw some sort of pickup in forex volatility and therefore a pickup in traffic, despite a usual seasonal slowdown due to summer vacations. Can we be hopeful for even stronger volatility in September? Here are the numbers: Page Views: 486,509. Sessions: 192,845. Users: 84,575. Time on Site: 2:54 Average Pageviews/Visit: 2.52.