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email: [email protected]

Market Info

NZD/USD: Break and Retest Scenario (May 9, 2013)

NZD/USD just broke below the .8500 major psychological support level recently, mostly because of the downturn in risk appetite.  The recent speech by RBNZ Governor Graeme Wheeler also revealed that the central bank actually secretly intervened in...

Forex Major Currencies Outlook (May 8, 2013)

USD The U.S. dollar’s rally gained legs against most of the other major currencies in yesterday’s trading when some economies once again showed signs of weakness.  For one, Australia underwent a rate cut from the RBA while the RBNZ financial sta...

EUR/USD Descending Triangle (May 8, 2013)

EUR/USD is slowly edging closer and closer to the 1.3000 major psychological support again as the pair has formed lower highs on its 1-hour chart. In fact, it has created a descending triangle pattern on the same time frame. For now, there are no major...

Forex Major Currencies Outlook (May 7, 2013)

USD The U.S. dollar bounced back on its feet in yesterday’s trading when risk aversion popped its head back in the markets.  There were no major reports released from the U.S. but the new set of economic problems from a few major economies kept r...

AUD/USD: RBA Interest Rate Cut Setup (May 7, 2013)

The RBA just cut interest rates by 25 basis points from 3.00% to 2.75% earlier in today’s Asian session. This pushed AUD/USD below the support level around 1.0230 to a low of 1.0178 right after the statement. In past rate decisions where the RBA cut i...

Forex Major Currencies Outlook (May 6, 2013)

USD The U.S. dollar initially had a positive reaction to stronger than expected NFP data but was soon weighed down when risk appetite boosted the higher-yielding currencies.  The NFP figure came in at 165K, higher than the estimated 146K reading,...

USD/CAD: Trading the Ivey PMI Release (May 6, 2013)

After last week’s strong selloff, USD/CAD is currently stalling around the 1.0075 resistance turned support level. This is in line with the 50% Fibonacci retracement on the 4-hour time frame. During the previous release, the Ivey PMI came in much stronger t...

Forex Major Currencies Outlook (April 30, 2013)

USD The U.S. dollar was outpaced by most of its major counterparts in yesterday’s trading when personal income and spending data disappointed.  The core PCE price index, which is rumored to be the Fed’s preferred inflation measure, posted a fla...

GBP/USD Medium-Term Rising Channel (April 30, 2013)

GBP/USD is moving closer to testing the top of the rising channel on the 1-hour time frame, although the pair seems to be retracing at the moment.  Weak U.S. data has been propping up this pair so far, and it remains to be seen whether the upward...

Forex Major Currencies Outlook (April 26, 2013)

USD                                    The U.S. dollar generally lost ground...