0.0 00 AUD/JPY (97.241) The Macro news events: Market analysts often point to this pair in relation to the short to mid-term US equities. Investors are encouraged to follow the reports from the US CPI due …
Read More »Daily Market Technical Analysis: The S&P 500 Recoils from Support
0.0 00 S&P 500 (1,998.98) The market shot up sharply from the support near 1,985.50, briefly rising back above the key technical barrier of 2,000 before closing at 1,998.98 overnight. A break above 2,000, with a …
Read More »Daily Forex Trading Strategy: The Sterling Drops Below 1.62 on Data
0.0 00 GBP/USD (1.61859) The United Kingdom just released its inflation data, CPI, which showed prices for food, goods and services rose 1.5 percent (annually) last month. CPI in July came out at 1.6 percent. Even …
Read More »Economic Analysis: China’s Equities Remain Bright
0.0 00 The economic outlook for China has not been very rosy, and it has become hard to ignore. However, we remain confident with China’s equity market as it has seen some pretty solid gains throughout …
Read More »Daily Video Analysis: All eyes on German ZEW Data
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for Tuesdy September 16. Asian markets are mostly lower as they are following the selloff in the U.S. equity markets overnight. The …
Read More »Daily Video Analysis: U.S. Data to Dominate a Slow Day
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for Monday, September 15. Asian markets have been trading relatively quiet today with Japan being closed. The financial equity markets in the …
Read More »Daily Forex Trading Strategy: The Dollar’s Five Day Win Streak Ends
0.0 00 USD/JPY (¥107.152) Support Levels: ¥107.01, ¥106.50 Resistance Levels: ¥107.50, ¥108.20 The dollar’s climb higher versus the yen has come to a brief pause after five days of wins. This comes after a fresh six …
Read More »Daily Forex Technical Analysis: Auzzie Continues to Fly South
0.0 00 (AUD/USD) 0.90359 Resistance Levels: 0.905, 0.908 Support Levels: 0.877, 0.895 We are noting a continuing negative trend on the strength of the Australian dollar. This trend reflects the monetary policy of their central bank and is …
Read More »Daily Forex Trading Strategy: The Loonie Runs out of Steam
0.0 00 USD/CAD (1.10758) Short term resistance levels : 1.110, 1.201 Short term support levels: 1.10680, 1.0850 Most market indicators indicate a continuing negative trend downwards on the strength of the Canadian dollar. There are however …
Read More »Daily Forex Trading Strategy: The Kiwi Continues to Move Lower
0.0 00 NZD/USD (0.81377) The Kiwi continues to lose ground. There are no bullish reversal signs and we continue to look at the floor near 0.8060/0.8050 support levels. A daily close below these levels will open …
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