Forex Marketz Daily Forex News – Fully Markets Update
0.0 00 If you are living in the land of Down-Under, you are in the middle of a nice summer. As a frequent traveller, I wouldn’t want to travel from Australia (or anywhere in the south …
Read More »USD/CHF — Day traders welcome to collect
0.0 00 Looking at the daily on the US/Swissy (USD/CHF) we can see a continuing mid-long term trend in the bullish direction. The currency pair is trading at 0.97045 with an average moving and midline bollinger …
Read More »USD/CAD — Significant indication for potential trend position change
0.0 00 We have been talking a number of times about the USD/CAD — a very popular currency pair. In the last posting we lamented the poor Canadian traveler and consumer in the holiday season. …
Read More »The Chinese Yuan is Sinking Like a Stone in Water
0.0 00 China’s currency, the yuan, has reversed course and fallen sharply versus the U.S. Dollar in Asian trading this morning. There are tight onshore liquidity conditions and this is sparking investor concern about further quantitative …
Read More »USD/CAD — Canadians are in for an expensive winter spending spree?
0.0 00 We have been writing about the USD/CAD and its traditional movement during the last quarter. Perhaps this year things will not be going so smoothly. Looking at the daily chart: The dollar …
Read More »The EUR/USD Moves Higher as the ECB Reviews its QE Program
0.0 00 The European Central Bank (ECB) held rates steady today. They left their main refinancing rate at the record low of 0.05 percent, its marginal lending facility at 0.3 percent and its deposit facility at …
Read More »Gold Stalls after a Huge Intraday Rally
0.0 00 Gold ($1,202.97) The yellow metal is on a wild ride right now. Gold rallied for its biggest intraday gain in over 2 years. Since then, the precious metal has stalled out just below a resistance …
Read More »The Yellow Metal Continues to Move Lower
0.0 00 Gold ($1,181.48) Gold moved lower. This was not unexpected as it completed a rising wedge on the daily chart. Note above MT 4 chart. If we have a daily close below 1,156.95 then the …
Read More »The Euro Looks to Gain Some Ground after a Poor U.S. Durable Goods Report
0.0 00 EUR/USD (1.2486) Resistance Levels: 1.2535, 1.26, 1.2769 Support Levels: 1.2360, 1.2210, 1.1975 The Euro is trying to bounce higher against the dollar today and should get a nice boost now that durable goods has …
Read More »Gold Continues to Inch Higher but will it Continue?
0.0 00 Gold ($1,199.20) The yellow metal continues its uneven recovery higher after bouncing off the support near 1131.64. Please refer to the above daily MT 4 chart. We are now challenging the 1200.00 handle with …
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