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Forex News And Analysis |
This week will be dominated by the market obsession with the Fed
Market Review On Friday we expected light volume, ranging markets with a bias to the ups ideas equities continued to firm off their tapering concern lows. Our S&P strategy was filled long at 1626.00 at 13:20 and then hugged this level until the US cash market open when the greater volume helped push the S&P [...]
GBPUSD Bullish Harami Hourly Chart
Resistance: 1.5755 moderate / 1.5793 minor / 1.5848 minor Support: 1.5700 strong / 1.5663 moderate / 1.5607 minor Overall bias in GBPUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 1.5755 as the immediate [...]
Egypt in late stages of verifying reform plan with IMF -c.bank
ABU DHABI, June 15 (Reuters) – Egypt’s government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $ 4.8 billion IMF loan, its… Reuters: US Dollar Report forex news
The Federal Reserve’s Exit Strategy: How Will It Unfold?
Quantitative easing (QE) has been one of the most controversial aspects of the Federal Reserve’s strategy to support the U.S. economic recovery. The aggressive pace of asset purchases by the central bank since 2008 has raised a host of concerns among financial market participants. Among them are the potential for Long Term Forecasts forex signals
Pattern Suggests AUD/USD Downtrend Will Resume Ahead of .9700
After a relentless drop throughout May, the AUD/USD has finally bounced meaningfully this week. The pair is up about 300 pips from Tuesday’s low and has room for further gains if near-term resistance at .9600 is conclusively broken. However, any further gains are likely to be limited by strong resistance below .9700. Commentary from Brad [...]
Japan govt: need to watch stock market moves calmly
TOKYO, June 13 (Reuters) – Japan’s top government spokesman said on Thursday that it was important to watch stock market movements calmly amid a plunge in Tokyo share prices. Reuters: US Dollar Report forex news
AUDUSD Bullish Engulfing 4-Hour Chart
AUDUSD Bullish Engulfing 4-Hour Chart Resistance: 0.9489 moderate / 0.9553 minor / 0.9635 minor Support: 0.9407 strong / 0.9343 moderate / 0.9262 minor AUDUSD is generally bullish though prices are just under a moderate resistance at 0.9489. With a mid level bullish candlestick pattern, Bullish Engulfing in 4-Hour charts, look for possible buys on a [...]
Candlestick Daily: GBP/USD Bias Shifts to Downside if Trend Line Breaks
CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Pressing against 1.3300 resistance, but rates may have trouble breaking this barrier with no major news events. See full report for more details GBP/USD (Short Term) Sell if GBP/USD breaks below 1.5520, stop at 1.5610, target at 1.5430 (yesterday’s buy trade cancelled) USD/JPY (Short Term) Collapsing after [...]
The markets seem to be dealing with the prospect of potential reduced monetary support
Market Review Yesterday, we saw once again a difficult and choppy session with no overall direction seen in major asset classes. The markets seem to be dealing with the prospect of potential reduced monetary support as they consolidate at current levels. Looking back on the week as a whole for the S&P500, on Tuesday we [...]
FOREX-Dollar near 3-week low vs euro after soft U.S. data
* U.S. jobless claims, housing data fall short of expectations Reuters: US Dollar Report forex news
UPDATE 4-Brazil opts for steeper interest rate hike to curb inflation
* Central bank raises Selic rate by 50 bps, surprises market Reuters: US Dollar Report forex news
EUR/AUD: Blindingly Obvious Bullish Channel Screams “Buy!”
As the 4hr chart below shows, rates are approaching the bottom of the bullish channel for the fifth time; each of the previous instances have led to a 200+ pip rally from support. The pair has pulled back by its recent threshold (115-135 pips, as outlined in last week’s report) and is currently testing the [...]