Category: Forex Trading
The analysis published under this category are as follows.
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?
Monday, July 21, 2014
How to Find Trading Opportunities in the Currency Markets / Currencies / Forex Trading
By: EWI
Elliott Wave International's Senior Currency Strategist Jim Martens recorded this 18-minute interview on July 18. Jim, a conservative trader, likes to trade in the direction of the trend. In the interview, he uses an example in the Euro to explain how a trader can join the trend once a move has begun.
Join us July 23-30 as we "open the doors" to our entire line of Pro Services -- FREE. Our Pro Services offer intraday and daily coverage of 48 world markets, including currencies, stocks, metals, energy and interest rates.
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Sunday, July 20, 2014
AUD NZD Taking The Forex Bull By The Horns / Currencies / Forex Trading
By: Austin_Galt
Since my last AUDNZD report, the false break low of 1.062 has been confirmed by a sharp move higher. The nature of the move looks very impulsive. As I have said in previous reports, I am very bullish about the long term prospects of the AUDNZD and so therefore will be on the lookout for opportunities to average up into my existing long position. One such opportunity may be about to present itself this week. Let’s take a look beginning with the daily chart.Read full article... Read full article...
Wednesday, July 16, 2014
Can We Expect Further Rally in USD/CAD? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. dollar hit a three-week high against its Canadian counterpart after Federal Reserve Chair Janet Yellen testimony in Congress. Will the exchange rate climb above 1.0800?
In our opinion, the following forex trading positions are justified - summary:
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Monday, July 14, 2014
EURUSD and AUDUSD Currency Market Updates / Currencies / Forex Trading
By: Austin_Galt
There has been some interesting action take place in both the Aussie Dollar and Euro recently so let’s take a look beginning with the EURUSD daily chart.
Monday, July 14, 2014
UDNZD Forex False Break Low? / Currencies / Forex Trading
By: Austin_Galt
In previous reports on the AUDNZD, I have stated that the longer term technicals appear bullish. Hence I have been looking for an opportunity to enter into long positions on this recent pullback. There was an aborted attempt around a month ago but there now appears another opportunity arising. Let's take a look at it using the daily chart.
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Monday, July 14, 2014
Prepare for This Seismic Currency Shift (and Profit) / Currencies / Forex Trading
By: Money_Morning
Peter Krauth writes: We all know the U.S. dollar is the de facto world reserve currency.
And if you've been reading my column for a while, you also know its status is being seriously challenged.
China and Russia have taken the biggest steps to that end so far.
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Friday, July 04, 2014
EUR/USD – Bigger Pullback or Something More? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the euro moved lower against the greenback after the U.S. Department of Labor reported that non-farm payrolls rose by 288,000 in June, beating expectations for an increase of 212,000. Meanwhile, the unemployment rate dropped to 6.1% from 6.3% in May. Thanks to these better-than-expected numbers, EUR/USD declined sharply and dropped below the short-term support. What impact could it have on future moves?
Wednesday, July 02, 2014
AUD/USD Forex Rally Continue? / Currencies / Forex Trading
By: Nadia_Simmons
The Reserve Bank of Australia left interest rates unchanged at a record low of 2.5%, which pushed the Australian dollar to a seven month high against its U.S. counterpart earlier today. Thanks to this news AUD/USD climbed temporarily above important resistances, but will currency bulls be strong enough to hold gained levels?
In our opinion, the following forex trading positions are justified - summary:
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Friday, June 27, 2014
USD/CAD At Key Support Lines / Currencies / Forex Trading
By: Nadia_Simmons
Today, the U.S. dollar declined to a fresh five-and-a-half month low against its Canadian counterpart as yesterday’s disappointing U.S. gross domestic product data continued to weigh. With this downswing USD/CAD dropped to key support lines. Will they withstand the selling pressure?
In our opinion, the following forex trading positions are justified - summary:
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Wednesday, June 25, 2014
AUD-NZD Set To Explode Higher / Currencies / Forex Trading
By: Austin_Galt
The interesting action keeps taking place in the AUDNZD. Let’s start with the daily chart to see the latest developments.
DAILY CHART
Thursday, June 19, 2014
Escalating Middle East Tensions Could Spur Forex Market Volatility / Currencies / Forex Trading
By: MahiFX
The extraordinary events featuring the Islamist extremist movement ISIS seemingly determined to carve out a new caliphate covering large parts of Syria and Iraq could yet have big reverberations in the currency markets.
Potential volatility in the currencies is likely to be first telegraphed through the oil market with the Middle East being a key supplier to the world economy. Should oil prices soar, say if ISIS made further big advances, then there could be serious damage done to the world economy.
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Wednesday, June 18, 2014
AUD-USD Fake Out / Currencies / Forex Trading
By: Austin_Galt
Your rugby opponent runs towards you with ball in hand. Just as you’re about to tackle him he feigns to go right, but then steps back to the left and darts off with you in hot pursuit. Just as it is in rugby, so too is it in the market. The market is our opponent and it’s our job to tackle it. It is not our friend. It is our enemy and it will do all it can to elude us. It will play mind games with us. Daring us to do this or that, knowing its only aim is to dupe us. And if we are duped it will do its utmost not to let us catch it after we finally cotton on to the charade. In this case, the AUDUSD looks to have dummied to the high side then sidestepped back to the low side and is now streaking away. Rallies should be small as it makes it hard to get set for those that didn’t pick the initial fake out.
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