0.0 00 Points to consider in this article: Euro sees gains, the AUD/USD and NZD/USD fall on risk-off trading. US Dollar could rally if we see three and six month Treasury yields rise. There is a …
Read More »NZD/USD – Waiting for a Top to Form
0.0 00 The NZD/USD Forex market has moved higher this week. Prices have found support near the pivot at 0.67 and have risen to a two month high. Price action is now testing the falling trend …
Read More »Sharp Electronics Rallies 8% this Morning
0.0 00 In Asian trade this morning, Japanese electronics giant, Sharp Corp. rallied eight percent as reports that Taiwan’s Hon Hai Precision Industry, better known as Foxconn Technology, would buy Sharp for ¥300 billion after months of …
Read More »USD/CNH – Yuan Could be Gaining Strength
0.0 00 Some points to consider in this Forex market: The Chinese yuan gains some strength versus the USD after hitting a four month low. No trade right now as the average trading range (ATR) is …
Read More »AUD/USD – Waiting on another Short Aussie Trade
0.0 00 AUD/USD (0.7276) Some points to consider in this Forex market: Stop loss with last week’s short position was triggered above 0.72. Will wait for another short AUD trade to come along after this corrective …
Read More »NZD/USD – Kiwi Gaining Strength in this Market
0.0 00 NZD/USD (0.6814) Points to consider in this Forex market: The New Zealand Dollar moves higher against the US Dollar. Price are now challenging the resistance at the 17 month downward trend line. There is …
Read More »XAU/USD – The Yellow Metal Will Fall Again
0.0 00 XAU/USD (1075.07) Some points to consider in this article: The Yellow metal continues to trade higher after bouncing off the trend line support. Traders who are short sellers should look at the lower highs …
Read More »EUR/USD – Head and Shoulders Now in Place
0.0 00 Some points to consider in this Forex market: Head and shoulders forming below 1.11. Possible confirmation of top in play yet. This argues to stand aside and not take a short right now. Trade …
Read More »Breaking News: US Consumption Numbers Rise
0.0 00 Just released, and about 12 hours too early, US Consumer spending rose in November by 0.3 percent. This data was released by the US Bureau of Economic Analysis (BEA) overnight. The report details that …
Read More »US Dollar Could Gain on Q3 GDP
0.0 00 Points to consider in this Forex article: Unimpressive risk appetite in Asian trading today. China hints towards more economic stimulus. AUD and NZD currencies rise and US yields moved lower after Fed rate hike. …
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