0.0 00 USD/CAD — 1.1235 With the volatility of the USD currency, the loonies are gaining spread. Canadians tend to fly south to the warm weather for the holidays. The bearish trend on the USD/CAD means …
Read More »Gold — More Volatility and More Potential for Profit
0.0 00 Gold — 1239 USD Gold is on the second day of volatility, largely due to the change in the USD. Looking at the daily market chart it appears to be moving in a bullish …
Read More »The Kiwi Retreats from 0.8000
0.0 00 NZD/USD (0.7954) The Kiwi has been falling back from its high at 0.8000 and we failed to confirm the bullish candlestick. Looking at the below daily MT 4 chart, we now see a bearish …
Read More »Is Australia About to Hit Hard Times?
0.0 00 The so called “lucky country,” Australia, is about to experience some harsh times. We have seen consumer sentiment erode sharply which does not paint a nice picture of the future. Australia’s benchmark, the S&P/ASX, …
Read More »The USD/JPY Falls Below ¥106
0.0 00 USD/JPY (¥106.145) Resistance Levels: ¥106.60, ¥107.90, ¥108.75 Support Levels: ¥105.60, ¥104.50, ¥103.20 The USD/JPY currency pair is consolidating after briefly falling below ¥106. This was the largest falloff for any one day in six …
Read More »Gold Travels to a Monthly High Above $1236.80
0.0 00 Gold (1242.10) The yellow metal put in a piercing line candlestick, see MT 4 chart below, then pushed higher. We have now broken above 1236.80 to reach a new monthly high. Should gold break …
Read More »EUR/USD Focusing Above 1.28
0.0 00 EUR/USD (1.28172) Resistance Levels: 1.2850, 1.3068, 1.3250 Support Levels: 1.2750, 1.2620, 1.2501 Looking at the daily MT4 chart above, the Euro finally started to recover versus the U.S. Dollar. After forming a piercing line …
Read More »With No Bearish Signs, the USD/CAD to Move Higher
0.0 00 USD/CAD (1.1356) Since putting in a bullish engulfing candlestick above 1.1080, the Loonie has pushed higher. With no signs of a bearish reversal, this trend is likely to continue. We have crashed above 1.1268 …
Read More »Daily Video Analysis: All Eyes and Ears on Mario Draghi and the ECB
0.0 00 Today, Wednesday, October 15, 2014. Our daily video analysis begins with a busy news day as we have already gotten off to a fast start with China releasing a whole slew of data. Looking …
Read More »Consumer Inflation in China Hits a 5 Year Low
0.0 00 China reigned supreme this morning when it released a lot of economic data. Most of which was ignored by the markets. China’s consumer price index (CPI) fell again, in September, to lows not seen …
Read More »