0.0 00 CupO’Forex Daily Forex Technical Analysis – September 2, 2014 Yesterday, we spoke about the slowing Chinese economic data as well as the continuing stagnating EU economic data leading to possible deflation. Today we will …
Read More »Forex Technical Analysis: The Canadian Dollar Assaults 1.09
0.0 00 USD/CAD (1.09055) The Canadian Loonie is making another assault at the key technical level of 1.09. This comes after, looking at our daily chart, the formation of a bullish hammer candlestick. The market needs …
Read More »Forex Technical Analysis: The Sterling Overlooks Data
0.0 00 GBP/USD (1.65271) The Markit/CIPS construction PMI was released in the United Kingdom earlier. It rose faster to 64 up from 62.4 reported in July. This is the biggest acceleration in eight months. Market expectations …
Read More »Forex Trading Strategy: Euro Continues to Push Lower
0.0 00 The Euro continues to sink against the U.S. Dollar. Price is trading just above the key technical support level at 1.31 with the next support level lining up at 1.3065. A break below 1.3065, especially …
Read More »Economic Analysis: Australia Leaves Rates As Is… but
0.0 00 A short time ago, the Reserve Bank of Australia (RBA) announced they would leave its key interest rate at the record low of 2.5 percent. There has been no change since it was set …
Read More »Daily Forex China Economy
0.0 00 CupO’Forex Daily Forex Technical Analysis – September 1, 2014 Today we are focusing on the slowing economy of China as well as stagnating European Union economic data. With a plethora of economic data from …
Read More »Daily Forex Analysis: Sterling Above 1.66 Despite Poor PMI
0.0 00 GBP/USD (1.6610) The UK manufacturing PMI just came in at 52.5 in August. This is down from the 55.4 in July and broadly missed expectations for 55.1. This is the slowest expansion since June …
Read More »Daily Market Technical Analysis: The S&P 500 Stalling Above 2,000
0.0 00 S&P 500 (2,003.37) The market is continuing but heads at the technical level near 2,006.50. Should we reverse course, we have near term support at 1,990.50 then at 1,985.50. A break below those levels …
Read More »Weekly Economic Recap: A Bump in the Road for Japan
0.0 00 Last week, just before the end of their trading session, Japan released key economic data, which showed some cracks in their recovery. Bluntly, the April tax increase wreaked havoc on retail sales. Last week, …
Read More »Forex Trading Strategy: USD/CAD at a Crossroads
0.0 00 USD/CAD (1.08382) The Loonie is at a crossroads. On our daily chart, we are noting a Doji which means the sellers could be hesitating. This comes in near the level at 1.0855. A close …
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