0.0 00 The GBP/USD has been moving higher. The Sterling has now touched on four month highs and cleared the February top. The Pound is being buoyed by the UK election results. Near term resistance is …
Read More »USD/JPY – Consolidating Below the ¥121 Pivot
0.0 00 USD/JPY (120.082) Resistance Levels: 120.80, 121.54, 122.30 Support Levels: 119.17, 118.77, 118.01 Trade Strategy: Stand Aside The USD/JPY is pausing just below the ¥121 Pivot. There is choppy, sideways trade below this level, as …
Read More »Greece Pays the IMF a Day Early
0.0 00 Overnight, it was announced in Reuters, that Greece would pay the International Monetary Fund (IMF) €750 million or $836 million a day early. This surprise is averting fears of a possible Greek default that …
Read More »Daily Video: GBP/USD—The Sterling is Challenging the May 2014 Highs
0.0 00 The Sterling is now testing highs achieved back in May of 2014. The election results have all but supported the Pound across the board. The GBP/USD is trading in a cluster resistance area from …
Read More »USD/JPY – Can Trend Line Support Continue to Hold?
0.0 00 USD/JPY (119.846) Resistance Levels: 120.80, 121.54, 122.30 Support Levels: 119.30, 118.80, 118.01 The USD/JPY fell lower for three straight days. The fall has apparently ended as the US Dollar found support at the trend …
Read More »Tweaking the US equity market trading rules
0.0 00 Tweaking the US equity market trading rules Tweaking the US equity market trading rules May 11, 2015 : BATS Global Markets, the second-largest US stock market, has a new chief executive in Chris Concannon. …
Read More »AUD/USD—The Recovery Stalls Below the 0.80 Pivot
0.0 00 AUD/USD (0.7891) Resistance Levels: 0.7992, 0.8075, 0.8120 Support Levels: 0.7868, 0.7805, 0.7740 Taking a quick look at the AUD/USD Forex pair this morning, we are noting the three day correction higher has come to …
Read More »BREAKING NEWS: China Slashes Interest Rates Again
0.0 00 The Peoples’ Bank of China (PBOC) has stepped into the financial markets for their third interest rate cut over a six month period. Investors, and economists, have now have heightened concerns the economic slowdown …
Read More »EUR/USD—The Euro Recovery Stalls Around 1.14 and the Falls Lower
0.0 00 EUR/USD (1.1152) Resistance Levels: 1.1360, 1.1450, 1.1540 Support Levels: 1.1248, 1.1177, 1.1039 Trade Strategy: Stand Aside The EUR/USD had been rising the last several trading sessions. The euro hit its highest price level in …
Read More »USD/CAD—Trading Quietly Below the 1.20 Pivot
0.0 00 USD/CAD (1.120) Resistance Levels: 1.2075, 1.2205, 1.2308 Support Levels: 1.1995, 1.1865, 1.1760 The USD/CAD continues to drift lower. The UD Dollar is trading below the 1.20 pivot and swing high. Please see the below …
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