Foreign Exchange

What is happening on the USD/JPY signifies a serious battle between bulls and bears. Although the recent bullish bias in the market remains intact, it is wise to stay away from this pair until there is a clean directional bias in the market. This clean directional bias should be seen this week. EUR/USD: EUR/USD rose […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the dominant bias is bearish, this pair made some commendable bullish attempts last week. Price moved upwards by almost 200 pips, testing the resistance line at 1.1000. That resistance line is an important price area, since it must be broken to the upside […]

It’s Mr. Aussie day and we are following him down on the forex dance floor as he dances against Ms. USA. Today’s I’m gonna zoom out a bit and look at the AUD/USD monthly chart. Combing the technicals with upcoming Aussie bank monetary policy minutes as well as China and US economic outlook, we could get better understanding […]

“Nobody can predict the future. A Harvard PhD and a high school dropout have equal skills at prophecy.” – James Altucher It’s no longer a secret that Forex market is the biggest and the fastest-growing market in the world. It’s also not a secret that majority of Forex traders end up sustaining negativity, simply because […]

NZDUSD has been trading higher, above the 200 SMA at H1 chart and technically it’s looking to test the resistance level of 0.6676. The other side, which is the powerful here, is already telling us about a possible lower continuation towards the support level of 0.6592, which is the current pivot point level. A breakout […]

After the financial meltdown of 2008 the majority of global central banks have slashed interest rates to near zero in addition to unprecedented stimulus plans guided by hope to revive their economies. In 2014 the British economy had a terrific start to the year and economists as well as forex traders were convinced that the […]

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

When going abroad, whether on holiday or for business, you will inevitably need cash. Travellers cheques are a faff, credit cards aren’t always accepted and carry charges, but cold hard cash is a language spoken internationally. So, should you get some foreign currency before you set off or should you wait until you get to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

The Bank of Canada decided to cut interest rates by 25 basis points yesterday to 0.50%. This move was widely expected by economists who were surveyed on the matter and the Canadian Dollar quickly shed roughly 200 pips as forex traders were adjusting their positions. The Canadian economy, which is heavily dependent on commodity exports, […]