0.0 00 GBP/USD (1.63117) The sterling continues to face selling pressure. After the Bank of England rate decision, yesterday, the GBP/USD sold off. We see near term support now at 1.63 and at 1.6298. A break …
Read More »Breaking News: The ECB Surprises Not with One but Three Rates Cuts!
0.0 00 The European Central Bank (ECB) has just cut its benchmark interest rate from 0.15 percent to a new record low of 0.05 percent. They have also announced new stimulus measures as they continue to …
Read More »Breaking News: Bank of England Leaves Rates Alone
0.0 00 The Bank of England (BOE) has just announced they are leaving the key lending rate and its asset purchase program unchanged today. This was a heavily divided Monetary Policy Committee (MPC) decision as more …
Read More »Volatility EUR and USD Video Analysis
0.0 00 CupO’Forex Daily Forex Technical Analysis – September 4, 2014 Good morning and welcome to CupO’Forex. This is your daily video analysis for Thursday the fourth of September. Today is an exciting and busy day! …
Read More »Daily Market Technical Analysis: S&P 500 Waits on News
0.0 00 S&P 500 (2,000.72) The Standard and Poor’s 500 is in a holding pattern right now just above the key technical level of 2,000. We are waiting on today’s employment data to be released. Once …
Read More »Daily Forex Technical Analysis: GBP/JPY Testing Support at ¥172.20
0.0 00 GBP/JPY (172.560) The Sterling has been pulling back versus the yen. This was expected and we are now testing support near ¥172.20. If we have a move, and daily close, below the congestion area …
Read More »APEC Economy Released Data Showing Expansion
0.0 00 CupO’Forex Daily Forex Technical Analysis – September 3, 2014 Good morning, this is your Daily Video Analysis for Wednesday the 3rd of September. It is all about the Pacific Rim and Asian economies today. …
Read More »Forex Technical Analysis: Yen Goes Below ¥105
0.0 00 USD/JPY (¥105.69) After Prime Minster Shinzo Abe announced his new cabinet, the yen fell off below ¥105 and is still probing that level. The announcement was all over the news as the government sent …
Read More »Economic Analysis: Crude Prices Fall but Libya Threatens Output
0.0 00 On Monday, the price of Brent crude fell as we saw manufacturing growth slowing in the European Union (EU) and with China. This is a time when supply remains high and we have production …
Read More »Daily Market Technical Analysis: The S&P Falter Above 2,000
0.0 00 S&P 500 (2,002.28) The Standard and Poor’s 500 seems to be hesitating quite a bit above that key technical level at 2,000. Should we reverse lower, we see near term support at 1,990 then …
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