0.0 00 The Swiss banking giant Union Banc Swiss (UBS) (UBS: NYSE) just reported its profits today. The number beat expectations as there was a lot of market volatility and strong client activity. This helped to …
Read More »USD/JPY—Buyers Looking to Challenge Levels above ¥121
0.0 00 USD/JPY (120.14) Resistance Levels: 120.67, 121.40, 122.12 Support Levels: 119.61, 118.70, 118.31 Trade Strategy: Stand Aside The US Dollar is getting ready to move higher against the Japanese yen. Looking at the below daily …
Read More »USD/CHF—Taking a Break Near a 3 Weak Low
0.0 00 USD/CHF (0.9350) Resistance Levels: 0.9489, 0.9718, 9861 Support Levels: 0.9212, 0.8998, 0.8730 Trade Strategy: Stand Aside The USD/CHF is pausing after losing ground. The Swissy is now trading near a three week low, as …
Read More »Daily Video: GBP/USD—Sellers Taking Aim at 1.50
0.0 00 The GBP/USD has taken a turn south. The Sterling moved lower after the formation of a Bearish Dark Cloud candlestick. A break below the near term support at 1.5120, and daily close, challenges the …
Read More »NZD/USD—Pivot Support at 0.75 Coming Under the Gun
0.0 00 NZD/USD (0.7524) Resistance Levels: 0.7605. 0.7705, 0.7742 Support Levels: 0.7520, 0.7451, 0.7385 Trade Strategy: Stand Aside The Kiwi Dollar has turned lower after forming a bearish Three Inside Down candlestick pattern. Please see the …
Read More »China’s PMI Hits a One Year Low
0.0 00 China has just released its economic health in their manufacturing sector. Numbers show the country’s factories have slowed in output to a one year low and remain in contraction for the month of April. …
Read More »USD/JPY—The US Dollar Breaks Above the Falling Trend Line
0.0 00 USD/JPY (120.038) Support Levels: 118.70, 118.31, 117.51 Resistance Levels: 120.67, 121.40, 122.37 The US Dollar has secured itself above the falling trend line. See the below daily MT 4 chart. This comes after the …
Read More »Daily Video: GBP/USD—The Sterling Stalls below the Pivot at ¥184 and Goes South
0.0 00 The Sterling has fallen against its Japanese Yen counterpart. The GBP/JPY saw its bullish streak come to an end after hitting its highest price in two months. We note near term resistance at 184.02. …
Read More »Could the Apple Watch be a Cash Cow for the Company? Yes
0.0 00 Just yesterday, it was reported that Apple’s new Apple Watch had some problems with the taptic engine that is causing supply and build issues. This sent shares of the tech giant over one percent …
Read More »EUR/USD—Buyers Now Eye Levels Above 1.11/1.12
0.0 00 EUR/USD (1.1203) Resistance Levels: 1.1265, 1.1515, 1,1765 Support Levels: 1.1040, 1.0711, 1.0460 Trade Strategy: Stand Aside The euro continues to inch higher against its US Dollar counterpart. There was a reversal after the formation …
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