Today is Fri, May 29, 2015 21:47:33 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Home » Currencies

Top Trade Idea for May 29th, 2015- AUD/JPY

When two countries are competing for global demand via weakening currencies, who will be the first to blink? The country with the stronger economy…… AUD/JPY this week is a tale of two data sets. In Japan, the jobless rate is lower than expected, inflation is higher (good news when deflation haunts the economy) and industrial […]

Chart Of The Day For May 29th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0804, 1.0647, 1.0394 Resistance:1.0930, 1.1056, 1.1213 The Euro may be preparing to turn higher against the US Dollar following the appearance of a bullish Morning Star candlestick pattern. A daily close above the 14.6% Fibonacci expansion at 1.0956 exposes the 23.6% threshold at 1.1042. Otherwise, […]

West TX Oil Near $57.50 as U.S. Production Rises

U.S. oil scored modest gains on Thursday on news that U.S. crude stocks fell for a fourth week, suggesting the U.S. market was rebalancing after a long period of oversupply. U.S. crude closed up 17 cents, or 0.3 percent, at $57.68 a barrel. Front-month Brent was 40 cents higher at $62.50 a barrel, after earlier […]

Gold – Remains Steady Below $1190

Gold for Friday, May 29, 2015 Over the last week gold has slowly but surely drifted lower back to the key $1200 level however in the last couple of days it has fallen sharply to a two week low around $1185. It is now consolidating just below $1190. In the week prior gold enjoyed a […]

Fed Expectations Sees the Greenback Rocket Past the Yen

Market awaiting Greek rhetoric Aussie capital expenditure disappoints Fonterra optimism aids Kiwi farmers No Japanese comment on dollar’s rise Currently, capital markets are beholden to any rhetoric from Greece, albeit rumor or hard fact. Any instrumental headway on Greek creditor talks has pushed sovereign bond yields higher, given the equity markets a nudge, and the […]

Pound May Overlook UK GDP Upgrade, Aussie Dollar Drops on Capex Data

Talking Points: Australian Dollar Down as Capex Slump Fuels RBA Rate Cut Speculation British Pound May Not Find Follow-Through in Revised UK GDP Figures News-Flow from G7 Meeting Eyed for Guidance on Greece Funding Woes The Australian Dollar underperformed in overnight trade, falling as much as 0.5 percent on average against its leading counterparts. The […]

Bitcoin Edges Closer to Decision Time

Bitcoin is nearing decision time as the daily range continues to drop. Today we hit a new multi-year low of only $2.11 dollars. After opening at $238.34 we slowly moved up to $239.99, then drifted to the downside to hit the daily low at $237.87. We closed at $239.21, just 87 cents above the open. […]

Chart Of The Day For May 28th,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0804, 1.0647, 1.0394 Resistance:1.0930, 1.1056, 1.1213 The Euro paused to digest losses above the 1.08 figure against the US Dollar having turned lower as expected. Near-term support is at 1.0804, the 61.8% Fibonacci expansion, with a break below that exposing the 76.4% level at 1.0647. […]

Oil Prices Fall Sharply on Dollar

Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market amid concerns that U.S. crude supplies may have started rising again after three weeks of draws. Industry group American Petroleum Institute (API) said after the market’s settlement that U.S. crude inventories rose […]

Gold – Consolidates Around $1190

Gold for Thursday, May 28, 2015 Over the last week gold has slowly but surely drifted lower back to the key $1200 level however in the last couple of days it has fallen sharply to a two week low around $1185. It is now consolidating just below $1190. In the week prior gold enjoyed a […]

Top trade idea for May 28th, 2015 – USDCAD

This is a continuation of our previous usdcad analysis from last week as the take profit on the long trade we recommended was hit and then we said that we want to sell the 1.2520 level. Well, it may be that that area is not going to come so today’s trade idea is to sell […]

Yen Entering Unchartered Waters

Market playing rate divergence catch-up with yen Yen outright could be the next dollar strength barometer Fixed income need to reprice the front end for Fed Euro periphery contagion fears muted for now With one session down into an already shortened trading week, the mighty dollar is consolidating some of the strong gains it has […]

Dollar Rally Extends And Breaks Key Levels Along the Way

Talking Points: Dollar Rally Extends And Breaks Key Levels Along the Way Euro: Greece Risk of an Accident Growing Japanese Yen Pairs Conviction Uneven but USDJPY Propelled to 7-Year High Dollar Rally Extends And Breaks Key Levels Along the Way The Dollar started a strong move through the close of the past week. The strongest […]

Bitcoin’s Daily Range Sinks to New Lows

Bitcoin’s daily range hit a new yearly low of $2.60 dollars ($2.599 to be exact). With a high at $240.09 and a daily low at $237.50, this is the lowest daily range in dollars terms since May 18th 2014. Today’s range of $2.60 dollars narrowly beat out the May 17th 2015 range of $2.74. Here’s […]

Top Trade Idea for May 27th, 2015 – GBP/JPY

The GBP/JPY last week peaked above the December high of 189.70, and for a time traded at its highest level since September 2008. But the pound sold off and subsequently the GBP/JPY fell back all the way to 187.85 before bouncing back. The cross has now recovered and it may go on to break out […]

Chart Of The Day For May 27,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0804, 1.0647, 1.0394 Resistance:1.0930, 1.1056, 1.1213 The Euro declined against the US Dollar as expected after negative RSI divergence hinted at ebbing upside momentum. A daily close below the 61.8% Fibonacci expansion at 1.0804 exposes the 76.4% level at 1.0647. Alternatively, a turn above the […]

West TX Oil Below $57.50 on U.S. Shale Outlook

U.S. oil closed lower on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar. U.S. drillers cut the number of rigs by just one last week, data showed on Friday, and Goldman Sachs said prices were at a level that would spur activity. The dollar […]

Gold – Drops to Two Week Low Around $1185

Gold for Wednesday, May 27, 2015 Over the last week gold has slowly but surely drifted lower back to the key $1200 level however in the last 24 hours it has fallen sharply to a two week low around $1185. In the week prior gold enjoyed a solid week surging to a three month high […]

Dollar Trading Takes Prominence

Markets watchful of Greece Greek saber rattling supports Gilts and Bunds Yen trades at eight-year low to the dollar Commodity prices fall on dollar outlook After a three-day weekend, market participants jumped straight back into the fray to find the U.S. dollar rising on gains fueled by last Friday’s U.S. consumer-price index surprise, and comments […]

USDOLLAR Index Bottom Looks Established by Now

Talking Points: USDCAD, USDJPY continue to lead the way for USD-pairs. EURUSD in ‘sell rallies’ mode after break of March-May uptrend. See the May forex seasonality report. The USDOLLAR Index has made considerable strides the past two weeks and by doing so, has positioned itself on the charts as having developed a potential significant bottom […]

Complete Calendar
Free Expert Advisors by email