0.0 00 The US Dollar continues to fall against the Swiss franc. The USD/CHF has fallen for three straight days as price action has been testing the bottom of the familiar consolidation range above the key …
Read More »GBP/USD—The Sterling Continues to Wander Aimlessly
0.0 00 GBP/USD (1.4804) Resistance Levels: 1.4825, 1.4985, 1.5094 Support Levels: 1.4705, 1.4598, 1.4462 Trade Strategy: Stand Aside The British Sterling continues to tread water against its US Dollar counterpart right in the middle of the …
Read More »McDonald’s set to Give Employees a 10 Percent Pay Increase
0.0 00 McDonald’s (MCD: NYSE) is joining Target (TGT: NYSE) and other companies with raising its payroll to its employees. The fast food giant will pay its restaurant workers more than ten percent above current salaries. …
Read More »USD/JPY—Losing Grasp of the ¥120 Pivot Level
0.0 00 USD/JPY (119.591) Resistance Levels: 120.15, 120.67, 121.40 Support Levels: 119.65, 118.92, 118.20 Trade Strategy: Stand Aside The USD/JPY continues to lose ground. The Dollar has turned lower against the yen after crashing through the …
Read More »BREAKING NEWS: China’s Official PMI Rises to 50.1
0.0 00 Just moments ago China reported that its factory activity showed a surprising expansion, according to official government data. China’s official Purchasing Managers Index or PMI rose to 50.1 in March. It printed at 49.9 …
Read More »USD/CAD—The Loonie Trades Sideways Below the 1.28 Pivot
0.0 00 USD/CAD (1.2649) Resistance Levels: 1.28, 1.3040, 1.3232 Support Levels: 1.2380, 1.2207, 1.2015 Trade Strategy: Stand Aside The USD/CAD continues to churn sideways in its familiar consolidation below the key 1.28 pivot. Please note the …
Read More »Daily Video: AUD/USD—The Ozzie Challenges the Range Floor
0.0 00 The AUD/USD is getting ready to challenge the all-too familiar range floor as the Ozzie has been sinking. Note the Doji Candlestick then move lower. Near-term support is at the end of a congestion …
Read More »USD/JPY – Dollar Jumps Higher against the Yen
0.0 00 USD/JPY (119.888) Resistance Levels: 120.69, 121.40, 122.12 Support Levels: 119.77, 118.92, 118.20 Trade Strategy: Stand Aside The US Dollar has seen more gains in one day in the last seven weeks against its yen …
Read More »George Soros Wants to Invest $1 Billion into the Ukraine
0.0 00 The Ukraine has been embattled in a long war with Russia who is vying for a warm water port in the Baltic. Russia has been hit by heavy sanctions from Western Powers which has, …
Read More »EUR/USD—The Euro Digests Gains Below the Pivot at 1.10
0.0 00 EUR/USD (1.0819) Resistance Levels: 1.1050, 1.1262, 1.1512 Support Levels: 1.0805, 1.0455, 1.0243 Trade Strategy: Stand Aside The euro is trading sideways below the key 1.10 pivot after seeing a brief rally against its US …
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