GBP/JPY Weekly Outlook GBP/JPY dropped to as low as 128.77 but rebounded strongly since then. The development indicates that a short term bottom is in place. Initial bias will be mildly on the upside this week and stronger rise should be seen towards 55 days EMA (now at 134.11) But upside should be USDCAD: Stay [...]
USDCAD: Stay Long as Advance Pauses Ilya Spivak, Currency Strategist Revised GDP Estimate Not as Weak as Markets Had Braced For The second print of Q2 GDP came in slightly better than markets were expecting at 1.6%, though it still reflects a downward revision from the original estimate of 2.4%. The bulk of the downward [...]
US Dollar Pares Gains but Rally Set to Resume EURUSD: Remain Short Amid Retracement GBPUSD: Short Position Sought on Rebound USDJPY: Long-Term Bias Remains Bullish USDCAD: Remain Long as Rally Stalls AUDUSD: Selloff Pauses, Bias Still Bearish NZDUSD: Sellers to Return After Correction Ilya Spivak, Currency Strategist Bernanke Says FOMC is Prepared to Provide Further [...]
Scouts take Jamboree by storm As the camp setup was complete, the boys got around to the first full day of the Jamboree this week. The consensus was, “We love it!” A big surprise has been the overwhelming popularity of patch trading.The Meridian Star – Jul 30 04:04am
When to get distinguished success in Forex Trading – Gather.comAs many of us know that some forex traders can only allow little time of their daytime or week to the forex market and require to pull in solid nets in the forex market. Therefore, they have to program their
Top 5 Most Asked Questions By New Forex Traders – CountingPips.comBy Mohamed Rabea Trading the forex market is very risky, the last thing you want to do is to jump in with your hard earned money without having enough knowledge about how the market really works and face
Bernanke not sure about further easing just yet FXstreet.com (Barcelona) – Fed chairman Bernanke in his speech at Jackson Hole reviewed the two… For more information, read our latest forex news. FXstreet.com
GBPUSD: Maintains Above The 1.5470 Level The pair is slightly biased to the upside following its move back above the 1.5470 level on Thursday. While it holds above that level, threats of a retarget of the 1.5701 level, its Aug 16’10 high remains with a breach of there targeting the 1.5996 level, its Aug 08’10 [...]
EUR/USD Mid-Day Outlook No change in EUR/USD’s outlook as consolidations from 1.2587 continues. Intraday bias remains neutral and more sideway trading could be seen. But upside of recovery is expected to be limited below 1.2921 resistance and bring fall resumption. Break of 1.2587 will target 61.8% retracement of 1.1875 to 1.3330 at 1.2431 Technical Analysis [...]
Crude Oil Awaits U.S. GDP Data, Gold Pauses As Resistance Mounts All eyes are on the second quarter U.S. GDP report set to be released on Friday. Market participants will weigh the probability that the world’s largest economy is set to enter a second recession. Ilya Spivak, Sumit Roy, US: Reuters/Michigan Consumer Sentiment Index (Aug) [...]
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