0.0 00 The US Dollar dropped yesterday against all its major trading partners after the Federal Reserve Bank’s (Fed) policy statement. The dollar has hit a fresh new monthly low as the Fed took a more dovish …
Read More »China’s Home Prices Continue to Slump
0.0 00 China has just released key home data. Prices of new homes, in the world’s second largest economy fell 5.7 percent in May. This is on an annual basis. There is a bright spot, the …
Read More »Video: GBP/USD – Sterling Rallies for the Fourth Straight Day
0.0 00 The GBP/USD forex market has been on a nice bounce back. The Sterling has recovered most of its losses after forming a bullish engulfing candlestick. Technical Analysis: My technical analysis for today notes a …
Read More »GBP/JPY – Buyers Aiming Above ¥193
0.0 00 GBP/JPY (193.390) Support Levels: 191.44, 188.95, 187.49 Resistance Levels: 193.60, 195.47, 197.49 Trade Strategy: Stand Aside The GBP/JPY Forex market has seen four days of advances. However, as we note on the below daily …
Read More »The Greek Drama Continues to Unfold
0.0 00 There could be a Greek accident as a deal to pay off its debt in time could stall incurring a default and then exit from the European Union (EU). There is a near 60 …
Read More »USD/JPY – The Dollar is Trying to Climb Back Above ¥124
0.0 00 USD/JPY (123.432) Support Levels, 122.35, 121.55, 120.51 Resistance Levels: 123.45, 124.10, 125.10 Trade Strategy: Stand Aside The USD/JPY has found a bit of support just above the pivot located at ¥122 after falling lower. …
Read More »Video: EUR/USD – Consolidation Continues as the EU Waits on Greece
0.0 00 The EUR/USD moved higher after the appearance of a bullish Morning Star candlestick. Since then the euro has been consolidating below the 1.16 pivot as the Greek drama unfolds. If Greece defaults, the euro …
Read More »NZD / USD – The Kiwi Dollar is Looking to Recover
0.0 00 NZD/USD (0.6990) Support Levels: 0.6955, 0.6870, 0.6785 Resistance Levels: 0.7060, 0.7125, 0.7230 Trade Strategy: Stand Aside Today, the Kiwi Dollar is consolidating against the US Dollar. Taking a look at the below daily MT …
Read More »Video: GBP/USD – The Sterling Moves Higher as Buyers Eye Levels Above 1.56
0.0 00 The GBP/USD Forex market continues to inch higher. At the time the Sterling is looking to challenge technical resistance levels above the 1.5 pivot. Technical Analysis Technical analysis for today notes a bullish engulfing …
Read More »Breaking News: Russia Cuts its Key Lending Rate Again
0.0 00 Just minutes ago, the Russian central bank cut its key interest rate in an attempt to stimulate Russia’s economic growth. The bank, under the guidance of Governor Elvira Nabiullina just cut the key rate …
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