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  1. Weekly Trading Forecast: Fed Forecasts, Brexit and China Just a Few Key Themes This Week

    by , 02-21-2016 at 02:33 PM
    US Dollar Forecast – Dollar: What Will It Take to Recharge Momentum in the Coming Week?
    A retreat through Friday left the USDollar with limited gains on the week. Nevertheless, the Greenback will head into the new trading week with tangible gains against the Euro and Pound – two of its most liquid counterparts.

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    British Pound Forecast - Brexit Deal Could Bring a Bid to GBP
    Dominating the headlines for the foreseeable future ...
  2. Forex Weekly Forecast: Dollar is the Big Loser until this Changes

    by , 02-14-2016 at 07:27 PM
    US Dollar Forecast – US Dollar in Danger of Further Losses – Here are the Key Risks
    The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets.

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    Japanese Yen Forecast - It’s the Bank of Japan versus the Rest of the World
    It’s been quite the week for the Yen, and taking a step back, it’s been quite the two-week stretch for the Japanese currency. ...
  3. The GBP/USD Breaks Lower by 100 pips on NFP Data

    by , 02-07-2016 at 08:21 AM
    GBPUSD intra-day price (M5 timeframe) broke key support level for 100 pips lower during the NFP news events:

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    • "The GBPUSD is currently rebounding off its daily lows after declining during today’s NFP (Non-Farm Payrolls) event. NFP figures were expected to be released at +190k; however, these expectations were missed with a total of 151k. Initially major pairs declined against the US Dollar. As seen above, the GBP/USD is still trading
    ...
  4. USD/CAD Pivot Points Analysis

    by , 02-03-2016 at 03:23 PM
    D1 price is located to be above yearly Central Pivot at 1.3157 for the primary bullish market condition:

    • The price is on ranging within Central PP at 1.3157 and R1 Pivot at 1.4670;
    • Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend to be continuing;
    • "The USD/CAD is attempting to breakout to a higher high this morning, potentially ending the range bound conditions that have been developing for the last five trading periods. Today’s
    ...
  5. GBP/USD: post NFP bearish breakdown

    by , 01-10-2016 at 08:37 PM
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    • "The US Dollar has initially rallied from this news, causing pairs such as the GBP/USD to decline in value. Now that NFP has concluded traders may continue to watch for further declines under today’s S4 pivot point, which resides at a price of 1.4556. In the event of a breakout below this value traders may begin to extrapolate today’s 59-pip range to find initial targets near 1.4497."
    • "If the current bout of US Dollar strength begins to falter,
    ...
    Tags: gbpusd, nfp, us dollar Add / Edit Tags
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