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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (September 17, 2013)

USD The Greenback still gave up some ground to the major currencies during yesterday’s trading, as news of Summers’ withdrawal from the Fed head race led to more dollar-selling.  This is because Yellen is seen as a dove and is likely to keep the...

GBP/USD Rising Channel Support (September 17, 2013)

GBP/USD is still on its current uptrend, based on the rising channel on the pair’s 1-hour time frame.  The pair just came off a dip and bounced from the 1.5600 area to the 1.5900 mark last week and appears ready to make another test of support. T...

Forex Major Currencies Outlook (September 16, 2013)

USD The US dollar lost ground to most of its major counterparts on Friday’s New York session, as the retail sales report printed weaker than expected results.  The headline figure showed a mere 0.2% uptick instead of the estimated 0.5% increase w...

USD/JPY Resistance Turned Support (September 16, 2013)

USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce. Take note that Japanese traders are on holiday today,...

Forex Major Currencies Outlook (September 13, 2013)

USD With the US retail sales report coming up, the US dollar was stuck mostly in consolidation against its counterparts.  EUR/USD held on to the 1.3300 handle while GBP/USD fought to stay above 1.5800. Slightly weaker spending is expected for the...

Trading the US Retail Sales Report (September 13, 2013)

NZD/USD has been trending higher on its 1-hour time frame, thanks to rate hike speculations confirmed by the recent RBNZ meeting.  The pair is currently stalling close to the .8100 handle, which might be a good entry point for a long trade if the...

Forex Major Currencies Outlook (September 12, 2013)

USD The US Dollar extended its losing streak yesterday, as there were no reports for the currency to draw support from. At the same time, the risk rallies aren’t doing so good for the safe-haven dollar.  Only the initial jobless claims release i...

NZD/USD Reaction to RBNZ Statement (September 12, 2013)

RBNZ Governor Graeme Wheeler also adopted forward guidance in his latest rate decision in saying that the central bank is looking to increase interest rates by next year. According to him, the recovery in the housing sector and the rise in commodity prices...

Forex Major Currencies Outlook (September 11, 2013)

USD A fresh wave of risk appetite hit the markets and the U.S. dollar in yesterday’s trading. This caused a selloff for the safe-haven currency, as Obama announced that the U.S. Congress has postponed its vote on the military attack in Syria.  ...

Trading the UK Jobs Release (September 11, 2013)

GBP/USD is still on an uptrend on the 1-hour time frame but it is currently stalling around the middle of the rising channel, suggesting that bulls are having trouble sustaining momentum. Today’s UK claimant count change report could determine the direction o...