0.0 00 Just minutes ago, the European Central Bank (ECB) kept its main interest rate at a record low and unchanged. Markets are still on edge as we are all waiting on Mario Draghi’s press conference, …
Read More »Video Analysis – EUR/USD January 22, 2015
0.0 00 The Wednesday session and the EUR/USD pair produced a bullish candle, but as you can see we pullback in order to form a shooting star yet again. The rally failed and formed the bearish …
Read More »USD/CAD Technical Analysis – January 22 2015
0.0 00 The USD/CAD pair broke higher during the course of the session on Wednesday, as the Bank of Canada issued an interest-rate cut, bringing the rate down to the 0.75% level. Because of this, the …
Read More »After Earnings Comes Out Ebay Nowhere Close to Being out of Trouble
0.0 00 Earnings season is upon us. Numbers are coming in and its time to talk about some of them. E-commerce giant eBay (EBAY: Nasdaq) just reported their results and they were mixed, to say the …
Read More »NZD/USD— With Short in Play, More than Half the Position Booked as the Kiwi Moves Lower
0.0 00 NZD/USD (0.7518) Trade Strategy: Short at 0.7782 Resistance Levels: 0.76, 0.7680, 0.7810 Support Levels: 0.7528, 0.7420, 0.7274 The NZD/USD continues to move lower. This is expected after forming a bearish reversal on the below …
Read More »GBP/USD— The Sterling Sells off after Poor Labor Data and a No Vote for an Rate Hike
0.0 00 The Sterling moved sharply lower after labor data was a mixed, if not, quite disappointing. Couple that with a decision not to raise interest rates, this pushed sentiment even lower. The GBP/USD fell sharply …
Read More »EUR/CAD Technical Analysis – January 21 2015
0.0 00 The EUR/CAD pair had a positive session on Tuesday, breaking above the top of the shooting star that had formed on Monday. However, we are running into resistance at the 1.40 level which of …
Read More »Video Analysis – USD/CAD January 21, 2015
0.0 00 Looking at the upcoming January 21 trading session, I have the USD/CAD pair. We have broken out during the session on Tuesday, firing off a buying opportunity. We broke above the shooting star from …
Read More »The Bank of Japan Keeps Policy the Same but Cuts its Inflation Forecast
0.0 00 The Bank of Japan (BOJ) held its economic policy and rate decision meeting today. About one hour ago, they announced they are keeping its monetary policy the same but are cutting its core consumer …
Read More »USD/CHF—Dollar Looking to Recover back Above 0.90
0.0 00 USD/CHF (0.8725) Trade Strategy: Stand Aside Resistance Levels: 0.9040, 0.9270, 0.95 Support Levels: 0.8758, 0.8580, 0.83 I have been waiting for the dust to settle in the USD/CHF market before looking at a trading …
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