0.0 00 AUD/USD (0.7265) Points consider in this Forex market: Economic data from China and Australia hit the wires this morning. Both the Australian current account and PMIs from China. Looks like the Reserve Bank of …
Read More »EUR/USD – This Week is Important for the Euro
0.0 00 Some points to consider in this Forex market: Holiday shortened week with thin volume was good for euro traders. Money flowed into the embattled currency. ECB to meet this week which will increase EUR/USD …
Read More »USD/CNY – The Yuan is Becoming a Reserve Currency
0.0 00 Points to consider in this Forex market: The International Monetary Fund (IMF) supports the Yuan’s inclusion into the SDR basket of world currencies. This means the yuan will trade alongside the world’s leading reserve …
Read More »AUD/USD – The Australian Dollar Steady on Data
0.0 00 AUD/USD (0.7190) Some points to consider in this Forex market: Australia releases corporate profits data which were up 1.3 percent in the third quarter (Q3). This tops forecasts of a one percent expansion. Australia …
Read More »FTSE 100 – London’s FTSE Soaring Higher
0.0 00 FTSE 100 (6,393.13) Some points to take away from this article: London’s FTSE has soared higher to fresh highs. This week’s US data along with the Markit services PMI and durable goods orders should …
Read More »AUD/NZD – The AUD Probing Key Support at 1.10
0.0 00 AUD/USD (1.0961) Some points to consider in this Forex market: AUD/NZD Forex market break lower challenges key support levels at 1.1010 and 1.10. Event risk on tap this week, NZD bond sale comes in …
Read More »Thin Trade Makes Follow Through in the Forex World
0.0 00 Some points to consider today in the Forex world: Forex swings will be occurring thanks to thin holiday trade volume. Struggle through will be problematic. New Zealand Dollar (NZD/USD) shines on rising yields. Demand …
Read More »EUR/USD – Bounce Higher Could Occur Above 1.05
0.0 00 Some points to consider in this Forex market: The EUR/USD is stalling above the 1.06 to 1.05 area. Positive RSI hints at a corrective bounce higher. Waiting on recover to enter a short euro …
Read More »How Forex Traders Are Treating Risk This Week
0.0 00 Some points to consider: There will be a liquidity drain the second half of this week as the United States closes for the Thanksgiving Day holiday. Given this adjustment, traders need to look at …
Read More »Oil and Gold Prices Recover on Political Tensions
0.0 00 Points to consider: Oil is trading near a two week high as tensions between Russia and Turkey mount. Copper and other metals look for their first weekly gains in six weeks. Safe havens like …
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