Category: Forex Trading
The analysis published under this category are as follows.
Wednesday, January 14, 2015
EURUSD and GBPUSD Intraday Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
EURUSD is higher after worse than expected Retail Sales data in the US. USD sold-off across the board, in-line with US stocks in pre-market trading while metals found a support. Well, EURUSD turned up from a new low, that could be treated as a low of a fifth wave. But we always have to try to label the wave count so that we stay with a trend, which is still down. Also, another thing is that red wave 5) would be very small which would not be so typical if we consider that red impulsive red waves 1) and 3) were much larger. With hat said, I suspect that EURUSD is still making either a flat correction in red wave 4) or a triangle if price will stay sideways.
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Tuesday, December 23, 2014
Divergence and Deflation Dminated Forex Markets in 2014 / Currencies / Forex Trading
By: MahiFX
For the forex markets 2014 can be largely summed up in just two words: Divergence and Deflation. It was also the year of the USD, which enjoyed a spectacular rally.
The USD index was around 80 at the end of December 2014 and by the end of December 2015 it was 89.60 with it really finding its momentum from June onwards.
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Friday, December 19, 2014
Cheap Oil Good for Consuming Countries, but won't help EUR or JPY / Currencies / Forex Trading
By: MahiFX
Cheap oil is good for the economies of the US, Europe and Japan and the recent plunge in prices should support the USD, but for the EUR and JPY the dynamics are more nuanced.
The interpretation many commentators are drawing from plunging oil and commodity prices is that the global economy is slowing and that deflation will become more persistent. However, if the global economy is slowing – cheaper oil will be a good tonic. And low energy prices are actually a form of good deflation for consuming countries.
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Thursday, December 11, 2014
GBP/USD - Breakout Or Fakeout? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. Department of Labor reported that the initial jobless claims in the week ending December 6 dropped by 3,000 to 294,000, beating forecast. Additionally, the U.S. Commerce Department showed that retail sales increased by 0.7% last month, beating expectations for a gain of 0.4%, while core retail sales (without automobile sales), increased by 0.5% in November, surpassing forecasts for a 0.1% gain. These bullish numbers supported the greenback and pushed GBP/USD lower, but the pair is still trading close to the key resistance line. What's next?
Wednesday, December 03, 2014
Commodity price weakness could be game changer for Currencies / Currencies / Forex Trading
By: MahiFX
The recent rout in oil prices and that of a number of other key commodities could have some surprising ramifications for the forex markets next year.
The obvious victims so far have been the commodity currencies, some of which have been hammered. If commodity prices are entering a long-term bear market that could have significant ramifications for monetary policy in the US, UK, Eurozone, Japan and other developed countries.
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Monday, November 10, 2014
EUR/USD, GBP/USD, USD/JPY, AUD/JPY... Forex Forecasts Last Chance / Currencies / Forex Trading
By: EWI
This is your last chance to access free forex forecasts week.
During FreeWeek, you get unrestricted, 24/7 access to intraday, daily, weekly and monthly forecasts -- including charts and videos -- for these FX markets:
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Thursday, November 06, 2014
Forex vs. Stocks: What's "better" to Trade? / Currencies / Forex Trading
By: EWI
As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI's currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks.
Monday, November 03, 2014
Forex Markets Chart Analysis for USD, GBP, JPY, CDW, XAD... / Currencies / Forex Trading
By: Gary_Tanashian
In light of the news from the land of the rising sun and the sinking currency, let's reserve NFTRH 315's only real charting for a big picture monthly view of currencies, to which we usually give just a brief update, and then some misc. big picture monthly charts [not included in this excerpt] as we try to gain perspective on things that may seem illogical to our rational minds.
Monday, October 06, 2014
GBP Still Trading Under Pressure: Can This Continue? / Currencies / Forex Trading
By: Richard_Cox
Dollar strength continues to dominate, so if there is any way to characterize the overall behavior in forex markets for the final portion of the summer, it would be done using the pronounced bullish moves that have been see against the Euro and Pound. Most of this positive activity in the greenback has been supported by risk aversion and geopolitical tensions (which were present in several major economic regions around the world). This sent the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) to new highs, and this strength came at the expense of both the Euro and British Pound (GBP), which are both trading at some of their lowest levels of the year.
Monday, October 06, 2014
GBPUSD and EURAUD Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
No change on GBPUSD; the pair is still showing a very interesting and clear bearish pattern that is pointing lower, into wave v) of (iii). On the upside price meets resistance at 1.6000 and 1.6030/50.
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Thursday, September 18, 2014
Global Currencies Analysis...The World According to Chartology / Currencies / Forex Trading
By: Rambus_Chartology
We've been looking at massive H&S patterns in the last two reports I've posted so you can get a feel for the bigger picture which is so important to grasp. It's always much easier to make money trading within the big trend. For instance if you've been trading the precious metals stocks over the last 3 years or so you have had a strong headwind blowing against your trades making it very difficult to make a decent profit and then hold on to those profits. If you're a short term trader and can catch the little swings up and down you at least have a chance but that to is very hard to do constantly. Knowing the direction of the big trend can bail an investor out if his timing is off but if you trade against the trend and your timing is off then you will pay dearly as the markets can be unforgiving.
Tuesday, September 09, 2014
AUDNZD Another Pullback Forex Trading Opportunity? / Currencies / Forex Trading
By: Austin_Galt
Since my last report on the AUDNZD, price has embarked on a nice uptrend hitting a high last week just shy of $1.13. It really has been one way traffic. Northbound that is. However, last Friday saw the first sign that the next decent pullback opportunity may be upon us. Let''s investigate.
Wednesday, August 27, 2014
Forex Trading - Will USD/CHF Rally Above 0.9200? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. Commerce Department showed that total durable goods orders (with transportation items) rose by 22.6% last month, well above expectations for an increase of 7.5%. Despie this bullish data, core durable goods orders (wihout volatile transportation items) declined by 0.8% in July, missing forecasts for a 0.5% gain. As a result, the U.S. dollar moved lower against major currency pairs. Did this drop change the USD/CHF outlook?
Monday, August 11, 2014
AUDUSD Setting Up For Big Reversal / Currencies / Forex Trading
By: Austin_Galt
The AUDUSD has lost a couple of cents over the last few weeks. So is this the beginning of the next leg down? I doubt it. On the contrary, I believe a big reversal higher is just around the corner. Let’s investigate.First, let’s refresh ourselves of the big picture to help put it all in perspective.
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Friday, August 08, 2014
Forex Dark Clouds Hang Over AUD/USD / Currencies / Forex Trading
By: Nadia_Simmons
The Australian dollar declined to a two-month low against its U.S. counterpart after official data showed that the number of employed people in Australia fell by 300 in the previous month, missing expectations for an increase of 12,000. Additionally, Australia's unemployment rate rose to 6.4% last month, from 6.0% in June. Later in the day, AUD/USD extended losses after the Labor Department said in its report that initial claims for jobless benefits in the week ending Aug. 2 fell by 14,000, beating analysts’ expectations for a 2,000 increase. Because of these numbers, the pair declined to the long-term support line. Will it be strong enough to stop currency bears’ charge?
Tuesday, August 05, 2014
Commodity Currencies / Currencies / Forex Trading
By: Ed_Carlson
Keeping an eye on the currencies of big commodity producing nations not only provides us insight into demand for commodities but the health of emerging markets as well.
Canadian Dollar (CAD) was turned back at the 38.2% retracement of the 2012 decline (part of the 2011 bear market). With the break of the bear flag last week it appears the bear market rally is over.
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Thursday, July 31, 2014
USDJPY Big Bear Market / Currencies / Forex Trading
By: Austin_Galt
The USDJPY has jumped higher recently so I decided to investigate and the findings are quite interesting. An opportunity may well be approaching. Let's take a look at the charts to find out more about it.
First, let's begin by looking at the big picture. The yearly chart no less.
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Wednesday, July 30, 2014
AUD-NZD Pullback Opportunity / Currencies / Forex Trading
By: Austin_Galt
Well, the AUDNZD absolutely exploded out of that false break low pattern identified a few weeks ago. I was hoping to add more long positions at the start of last week but wasn't nimble enough. I may just get another opportunity shortly albeit at higher prices but sometimes you just gotta roll with the punches. The market is the big boss and I am but its mere minion. Let's take a look at what's currently being offered up with the daily chart.
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Monday, July 28, 2014
AUD-JPY - Watching Commodity Currencies – What Can Be Learned / Currencies / Forex Trading
By: Submissions
ForexKong: It’s pretty common knowledge that the currencies of countries with “commodity related economies” such as Australia, New Zealand and Canada are seen as the “darlings of the currency markets” during times when investors feel safe.
Simply put, large institutional investors are able to borrow money such as U.S Dollars or Japanese Yen at extremely low rates of interest, then use these funds to invest in currencies / countries where higher yields and greater opportunities can be found. Australia with its mining / gold related businesses, as well Canada with its oil as a couple of good examples.
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Tuesday, July 22, 2014
Forex Multi-week Consolidation in EUR/USD Ended / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, official data showed that the annual rate of U.S. inflation was at 1.2% in the previous month, while core inflation (without food and energy costs) increased by just 0.1% month-on-month and U.S. consumer prices were up 0.3%. On top of that, U.S. existing home sales increased 2.6%, while analysts had expected an increase of 2%. Thanks to these bullish numbers, the common currency declined against the U.S dollar to a 8-month low. What are the implications of this event?