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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Daily Archive
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GBP/JPY: A Pullback after Double Top; Price Action Volatile but Within Daily Range
Posted on July 2, 2010 | No CommentsThe GBP/JPY completed a double top ahead of today’s NFP release at 8:30AM ET. This double top suggests a decline, but it can also be a flat correction to be followed by continuation. Normally, I would be looking at the pullback to see if it... -
Daily Report: Yen Retreats as Markets Calmed Down, Consolidations ahead
Posted on July 1, 2010 | No CommentsYen retreats mildly in steady markets and market sentiments stabilized a bit. Asian equities opened lower but recovered on bargain hunting as the session went on. Crude oil stays in tight range below 76 while gold hovers around 1240 level. Dollar index lost momentum ahead... -
Daily Report: Yen Firm ahead of G20
Posted on June 26, 2010 | No CommentsYen remains firm in general ahead of weekend’s G20 meeting in Toronto, Canada. G20 is expected to discuss policies on addressing the European debt crisis, spurring global recovery and overhauling financial regulations. Markets are not expecting any solid agreement on stimulus measures. But there would... -
Daily Forex Update: USD/CHF
Posted on June 24, 2010 | No CommentsThanks to continued weakness on the USD/CHF’s 240-minute chart, a Channel Down pattern has formed – one that is currently testing downtrend line resistance at 1.1139 (A). This level is likely to be an exhaustion point within the formation that, if it proves true, would... -
The Daily Forecaster: USDJPY
Posted on June 23, 2010 | No CommentsThe 91.47 high remained intact and price spent the whole day declining. It looks as if it has done enough to suggest the decline was corrective. To confirm this a move above the 90.58-67 area must be seen. Once this is confirmed it should make... -
Daily Report: Dollar Recovers as Impact from China Fades, Focus Turns to UK Budget
Posted on June 22, 2010 | No CommentsThe impact from China’s unpeg was brief as reversed yesterday’s loss against European majors even though it’s still down against Aussie and Kiwi. Asian stocks are generally lower today following yesterday’s reversal in US equities while gold is all sharply lower from record high of... -
Daily Forex Update: USD/CAD
Posted on June 21, 2010 | No CommentsThe 60-minute chart of the USD/CAD has sold off through uptrend line support at 1.0266 (E). This breakdown of the intraday Pennant Completed Pattern alert shows the Canadian Dollar strengthening against the flat U.S. Dollar, which continues the weakness seen in the USD/CAD pair throughout... -
Daily Report: Dollar Sharply Lower as China Allow Yuan Appreciates
Posted on June 21, 2010 | No CommentsRisk appetite is given a strong boost in Asia today on China’s intention to let Yuan appreciate freely. The People’s Bank of China published a statement called ‘Further Reform the RMB Exchange Rate Regime and Enhance the RMB Exchange Rate Flexibility’ on Saturday and stated... -
Daily Report: Dollar Soft, UK Data Watched in European Session
Posted on June 18, 2010 | No CommentsDollar remains generally soft today as European stocks open mildly higher while gold stays firm near to record high. World bank said in its quarterly update that "China’s economic outlook remains favorable" even though growth "is probably going to ease a bit from the very...