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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (August 8, 2013)

USD The U.S. dollar weakened against most of its counterparts in yesterday’s trading, as risk appetite continued to stay in the markets.  EUR/USD climbed above the 1.3300 handle while GBP/USD reached 1.5500. There were no major reports released f...

USD/JPY: Support Turned Resistance (August 8, 2013)

USD/JPY just broke below a key support level, as dollar weakness continued to dominate price action in yesterday’s trading. After that strong drop though, USD/JPY might retrace for a bit before heading any lower. The Fibonacci retracement levels on t...

Forex Major Currencies Outlook (August 6, 2013)

USD The US dollar lost ground to some of its counterparts in yesterday’s trading as risk sentiment seemed to improve and favor the higher-yielding currencies.  As for economic data, the US ISM non-manufacturing PMI report came in stronger than e...

AUD/USD: Rate Cut Retracement (August 6, 2013)

The Reserve Bank of Australia cut interest rates by 0.25% during their monetary policy statement today and, judging from AUD/USD’s reaction, this was expected by most market participants. However, a rate cut is still a rate cut. In comparison to the F...

Forex Major Currencies Outlook (August 2, 2013)

USD The US dollar continued its rallying ways across the charts, pushing USD/JPY above the 99.00 mark and EUR/USD down to the 1.3200 area. Data from the US has been upbeat, with both initial jobless claims and ISM manufacturing PMI coming in better than...

NFP Setup: USD/CHF Retest (August 2, 2013)

Dollar strength is still persistent, as USD/CHF already broke above the falling trend line on its 1-hour time frame.  This suggests that a new trend is about to form, but that price might pull back first before heading any higher. Using the Fibonacci...

Forex Major Currencies Outlook (August 1, 2013)

USD The dollar had a topsy-turvy day, as the GDP report from the US came in stronger at 1.7% instead of the estimate at 1.1%.  The FOMC statement, however, derailed the dollar from its rallies as it showed that policymakers were uneasy about weak...

AUD/USD: Waiting for a Retest (August 1, 2013)

AUD/USD has finally broken below its recent range, with resistance at .9300 and support at .9050. The pair has dipped below the .900 handle but it could still make a retest of the former support before heading any lower. Stochastic has been in the oversold...

Forex Major Currencies Outlook (July 31, 2013)

USD The dollar bounced back to life in yesterday’s trading as it gained against most of its major counterparts.  Data from the US hasn’t been exactly very strong, as the CB consumer confidence figure actually came in weaker than expected. Instead of ...

Trading GBP/USD for the US GDP Release (July 31, 2013)

GBP/USD retreated from its recent highs during  yesterday’s trading, and this may have been a result of profit-taking ahead of today’s major US events. The US Advanced GDP reading is up for release and the economy is expected to have grown by 1.1...