AUD/USD Strong After Job Figures
Despite unexciting job figures from Australia, the Aussie held the higher range it broke to earlier this week. The strength continues. Here’s an update on AUD/USD.
Only 200 jobs were gained in Australia in the month of February. This fell short of expectations that stood on 15,700 jobs. Australia’s Unemployment Rate remained unchanged at 5.3%, exactly [...]
EUR/USD – Bullish Hints Inside the Range?
EUR/USD is trading in a range for over a month. While the long term trend is bearish, some bullish hints can be found within this range.
Since February 4th, EUR/USD plunged into a range between 1.3423 to 1.3850. At the beginning the trend in the hourly charts was negative. On February 19th, the bottom line of [...]
EUR/USD Outlook – March 8-12
EUR/USD is getting used to a range also after the NFP. The upcoming week contains many events that will move the Euro. Here’s the outlook for these events and an updated technical analysis for EUR/USD.
EUR/USD graph with support and resistance lines on it. Click to enlarge:
A lot of progress has been made in resolving the [...]
GBP/USD Outlook – March 8-12
Mervyn King sure got a weaker Pound this week – it collapsed across the board. The upcoming week consists of 8 events that will move the Pound. Here’s an outlook for these events and updated technical analysis for GBP/USD in its lower ground.
GBP/USD graph with support and resistance lines on it. Click to enlarge:
The rate [...]
AUD/USD Outlook – March 8-12
With interest rate rising to 4%, the Aussie continued north. Australia’s employment figures will be watched this week, among other releases. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD.
AUD/USD graph with support and resistance lines on it. Click to enlarge:
The Aussie hardly felt the American Non-Farm Payrolls. This shows [...]
USD/CAD Outlook – March 8-12
The Canadian dollar broke lower. It’s now awaiting the all-important employment figures. Here’s an outlook for the upcoming events in Canada and an updated technical analysis for USD/CAD.
USD/CAD graph with support and resistance lines on it. Click to enlarge:
One of the things that helped the loonie was the GDP release – it showed that the [...]
EUR/GBP Enjoys Pound Collapse
EUR/GBP enjoyed the Pound’s collapse to break one technical barrier and bounce off the next one. Update on this interesting cross.
The British Pound began the week with a big collapse: GBP/USD fell below 1.50 and bounced off the support line at 1.4770. This collapse was also felt in the Euro. EUR/USD also had a bad [...]
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