0.0 00 USD/CAD (1.1283) The Loonie has blown back above the technical level at 1.1220 after forming a clear bullish reversal sign called a bullish engulfing candlestick. Please refer to the above daily MT 4 chart. …
Read More »After the BOJ Brings out the Big Gun, Currency War?
0.0 00 The Bank of Japan (BOJ) expanded their monetary base on Friday with additional Japanese Government Bond (JGB) purchases. This is sparking a debate of further local currency wars. After the announcement, the yen imploded and …
Read More »The Yen Continues its Implosion, Time to Buy?
0.0 00 USD/JPY (¥112.749) Resistance Levels: 114.20, 115.51, 116.35 Support Levels: 112.10, 110.75, 116.35 The yen imploded and the U.S. dollar soared higher after the Bank of Japan (BOJ) announced they were expanding their quantitative easing …
Read More »Daily Video Analysis: Today’s Data Deluge Continues, China’s PMI Impresses
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Monday, November 3. Today is one busy day for our economic calendar. China came out with its Markit …
Read More »The Yen Implodes After Surprise Easing
0.0 00 The Bank of Japan (BOJ) released its Monetary Base Target for 2014 back on October 31. Today they are expanding this target. In other words they are increasing the annual Japanese Government Bond (JGB) …
Read More »CAD/JPY — Don’t be fooled by the sudden change, all good things can come to an end
0.0 00 CAD/JPY (99.55) — Trading in a very bullish position, and looking at the minute chart you would be inclined to believe it will continue very fast climbing. Look at the climb — from 97.75 …
Read More »Starbucks Makes You Morning Fix Easier
0.0 00 Hear ye! Hear ye! All coffee addicts worldwide please turn your attention to this news!! Starbucks (SBUX: Nasdaq) is now bringing your morning fix of caffeine one step closer to your doorstep. The U.S. …
Read More »Gold Nears its Monthly Low
0.0 00 Gold (1255.10) The bottom has fallen out of the yellow metal and we are approaching its monthly low. Gold has pushed significantly lower after forming a bearish evening star last week. Please refer to …
Read More »Daily Video Analysis: Global Markets Rally on Positive U.S. GDP
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Friday, October 31. Let’s get started. Welcome to the end of the week! Happy Friday everyone. Overnight the …
Read More »Gold Hits a Three Week Low
0.0 00 Gold (1201.63) Well, the bottom fell out of the yellow metal and we are trading at a three week low. We turned lower as expected, then the move lower lost momentum, then all of …
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