0.0 00 USD/JPY (¥109.433) Resistance Levels: ¥109.50, ¥110.20, ¥111.40 Support Levels: ¥108.20, ¥107.40, ¥106.75 The dollar continues to trade flat in this market below the key technical level at ¥110.00. We see short term resistance now …
Read More »Financial News: India Goes to Mars
0.0 00 India. Yes India has sent a mission to land on the red giant Mars. This means India has beaten the world and has become the first country to complete a trip to Mars on …
Read More »Daily Technical Analysis: Auzzie is travelling further south
0.0 00 AUS/USD – 0.88674 The Australian Dollar is travelling in a direction to reach new lows. This is despite the Chinese forecast coming in higher than expected. China is the largest partner and affect …
Read More »Financial News: SEC Goes after PIMCO
0.0 00 U.S. regulators, like the Securities and Exchange Commission (SEC), are looking hard into PIMCO, also known as the Pacific Investment Management Company. PIMCO is a bond giant with $2 trillion under management. They are …
Read More »Daily Video Analysis: US Markets Fall on Global Concerns
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for Wednesday, September 24, 2014. Overnight US markets bled red on global concerns. Both the Nasdaq and the S&P 500 are at …
Read More »Economic Analysis: As Silver Goes Cheap, Gold Becomes Expensive
0.0 00 Gold buyers were happier yesterday as the precious metal seems to have hit a bottom and moved a tad higher. The technical analysis of gold will support a move higher, as we have avoiding …
Read More »Daily Technical Analysis: Gold is Looking for a Floor and Recovery
0.0 00 Gold (1,223.53) The yellow metal looks like it has found a bit of a floor. We seemed to have formed a bullish reversal signal, please refer to the below daily chart, and are waiting …
Read More »Daily Forex Technical Analysis: The Euro Ignores PMI Data
0.0 00 EUR/USD (1.28938) The Eurozone manufacturing PMI was released today. It came in at 50.5 for this month. The month prior saw a print of 50.7. This is the slowest expansion in the last 13 …
Read More »Daily Forex Technical Analysis: Euro Poised to Recover More Ground on the Canadian Dollar
0.0 00 EUR/CAD — 1.4185 Looking at the daily and five minute charts for the EUR/CAD pair, we see that the Euro has good potential for recovery of higher ground against the Loonie. Back in March, 2014 …
Read More »China’s Flash PMI Surprises but Markets Shrug it Off
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for Tuesday, September 23. China released its Flash PMI this morning but Asian and Pacific Rim markets remained mixed as the U.S. …
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