0.0 00 AUD/USD (0.89506) The AUD has broken below a key support at 0.89670 and remains well below a medium term trend line. Looking at the chart below we see a major gap lower. The short …
Read More »Daily Forex Technical Analysis: The Euro Falls Below 1.29
0.0 00 EUR/USD (1.28765) The European Central Bank (ECB) held its first TLTRO operation today. It is a targeted lending operation and it failed. Banks too only €82.6 billion in targeted loans. We had expected them …
Read More »Daily Video Analysis: The FOMC Sticks to the Script
0.0 00 Good Morning and welcome to CupO’Forex! This is your daily video analysis for Thursday, Sept. 18. Overnight the U.S. markets shot higher with Dow Jones Industrial Average (DJIA) closing at a new record high …
Read More »Daily Forex Technical Analysis: Dollar Hits a 14 Month High
0.0 00 The U.S. dollar has continued to strengthen against most of its pairs and the Dollar index has now hit a 14 month high near 84.60. Support Levels : 84.45 to 84.50 Resistance Levels: 84.75 to …
Read More »Economic Analysis: Has Apple Lost its Mojo?
0.0 00 Last week, Apple (AAPL: Nasdaq) announced their new iPhone 6, as well as a couple of wearable smart devices. It was a botched marketing effort that would have, if possible, made the late great …
Read More »Daily Technical Analysis: The Euro Tries To Hold On
0.0 00 EUR/USD (1.2863) After the FOMC announcement, the euro once again broke sharply lower. We see short term support no lining up in a congestion area that runs from 1.2860 to 1.2870. A daily close …
Read More »BREAKING NEWS: FOMC Announcement, QE to End Next Month
0.0 00 The Federal Reserve Board (Fed) after its meeting of the Federal Open Market Committee (FOMC) has left rates near zero and has stated quantitative easing (QE) will end next month. After years of being …
Read More »Daily Video Analysis: China Announces New Stimulus
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for Wednesday, September 17. Let’s get started! Overnight U.S. equities markets shot higher, as the Standard and Poor’s 500 closed just under …
Read More »Daily Forex Technical Analysis: The Loonie Collapses After a False Breakout
0.0 00 USD/CAD (1.0951) The dollar suffered a false breakout higher after we formed a Harami candlestick. Please see the below daily chart. This was a key reversal and we moved lower. We are currently back …
Read More »Economic Analysis: Did we Just Get Stimulus from China?
0.0 00 Media outlets out of China are reporting that the People’s Bank of China (PBOC) will inject large amounts of cash into the five largest banks in that country. This could be the major stimulus …
Read More »