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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (April 4, 2013)

USD The U.S. dollar suffered another selloff during yesterday’s trading as the economy printed a couple of weaker than expected data. The ADP non-farm employment change, which can be considered as a preview of the NFP release, came in below the expected 2...

Ahead of the BOE Decision: GBP/USD Double Top (April 4, 2013)

After making a strong selloff from the 1.5250 minor psychological resistance and previous week highs, GBP/USD found support around the 1.5100 major psychological level.  The pair appears to be retracing, thanks to the recent disappointments in U.S....

Forex Major Currencies Outlook (April 3, 2013)

USD A couple of top-tier data are due from the US today. These are the ADP non-farm employment change and the ISM non-manufacturing PMI. The ADP report could show a slight improvement from 198K to 203K for March, reflecting a slight increase in hiring....

GBP/USD: Trading the Construction PMI Release (April 3, 2013)

The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations.  Take note that the BOE is currently watching business surveys very closely before they make their interest...

EUR/USD: Retest of Former Support (April 2, 2013)

Thanks to its recent rallies for the first few trading sessions this week, EUR/USD was able to pull up to the former support level around the 1.2850 minor psychological handle.  This is closely in line with the 38.2% Fibonacci retracement level...

Forex Major Currencies Outlook (April 1, 2013)

USD   Traders are now back from the shortened trading week last week, which suggests we could see more action on the charts for the coming days.  Today, the U.S. will release its ISM manufacturing PMI for March and possibly show that the figure...

USD/JPY: Resistance Turned Support at 94.00 (April 1, 2013)

USD/JPY sold off for the past couple of weeks and is now testing the former resistance at the 94.00 major psychological level.  The pair seems to be finding support around this area, which is also in line with the 50% Fibonacci retracement level...

Forex Major Currencies Outlook (March 29, 2013)

USD Most banks are on a holiday today, paving the way for quiet trading conditions.  Take note though that it’s the last trading day for the month and the quarter, which could also set the stage for profit-taking moves towards the end of the U...

GBP/USD: Will 1.5200 Hold Again? (March 29, 2013)

The pair is once more testing the 1.5200 major psychological resistance for today.  The level has held earlier this week as price dipped back to the 1.5100 major psychological support afterwards. There’s a bearish divergence that formed on the h...

Forex Major Currencies Outlook (March 28, 2013)

USD Markets could be in for a quiet trading day today as there are no top-tier releases from the major economies that could have a significant impact on risk sentiment or a lasting effect on dollar pairs’ movements.  The U.S. is set to print i...