Category: Forex Trading
The analysis published under this category are as follows.
Monday, July 06, 2015
New Zealand Dollar Could Rally Double Digits in the Coming Months / Currencies / Forex Trading
By: DailyWealth
Brett Eversole writes: Major currencies are rising in value...
Since the U.S. dollar peaked on March 13, the Brazilian real is up around 8.5%. And the euro is up around 5.7%.
But two major currencies have lost value versus the dollar – the Japanese yen and the New Zealand dollar.
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Monday, June 08, 2015
USD, CAD, GBP, EURO,JPY and Gold Chartology / Currencies / Forex Trading
By: Rambus_Chartology
In this report I would like to show you an in depth look at some of the more important currencies on the planet to see where we’re at in the big picture and how they may affect the price of gold. In general when a currency (other than the US Dollar) is headed lower the price of gold tends to rise and just the opposite happens when a currency rises . So following the different currencies is important.
With the US dollar being the most important currency we’ll start there.
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Wednesday, May 13, 2015
EUR/USD Meets Resistance Zone As Greece Meets IMF Loan Repayment Deadline / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, Greece repaid a €770 million loan installment to the International Monetary Fund, easing worries that the country was on the verge of default, which in combination with a renewed selloff in European government bond pushed EUR/USD sharply higher. In this way, the exchange rate reached its important resistance zone, but will we see further improvement?
In our opinion, the following forex trading positions are justified - summary:
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Thursday, April 16, 2015
Sharp Decline in USD/CAD and Its Consequences / Currencies / Forex Trading
By: Nadia_Simmons
Yesterday, the Bank of Canada left its monetary policy unchanged (the overnight cash rate at 0.75%), which in combination with a sharp increase in crude oil pushed the Canadian dollar higher against its U.S. counterpart. As a result, USD/CAD broke below important support levels, confirming a bearish formation. How low could the exchange rate go?
In our opinion, the following forex trading positions are justified - summary:
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Wednesday, March 11, 2015
Forex Traders: The Only Question You Should Be Asking / Currencies / Forex Trading
By: EWI
Elliott wave analysis foresaw the USDJPY's recent rally. Find out what else we're expecting for the world's leading forex markets (plus stocks, gold, oil and bonds) -- absolutely FREE
I can't help it. Whenever I read the mainstream financial news, I feel like I'm eavesdropping on a job interview at Microsoft.
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Friday, February 20, 2015
USD/CHF Extends Rally - For Now / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending February 14 dropped by 21,000, beating analysts' expectations for a fall by 11,000. Thanks to these bullish numbers, USD/CHF extended rally, but how much more room for further gains does the exchange rate have?
In our opinion, the following forex trading positions are justified - summary:
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Wednesday, January 28, 2015
EUR, AUD, GBP USD – Invalidation of Breakdown / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. Commerce Department showed that total durable goods orders dropped 3.4% last month, missing expectations for a gain of 0.5%, while core durable goods orders (without volatile transportation items) dropped by 0.8% in the previous month, disappointing forecasts for a 0.6% gain. Thanks to these numbers, AUD/USD extended gains, invalidating a breakdown below an important support level. Is it enough to trigger further rally?
Tuesday, January 27, 2015
Gold And Silver - Around The FX World In Charts / Currencies / Forex Trading
By: Michael_Noonan
There has been some discussion about how the Swiss National Bank breakaway from the 1.20 peg to the Euro was a shot to the upside for gold. It appeared to us that the rally may have been sparked a few days ahead of the announcement, and last week's mostly sideways aftermath was the froth on the rally. It may continue, but the narrower range could just as well lead to a pullback, discussed in last article, Timing Is The Most Important Element, [paragraph above each weekly chart of silver and gold].
It made sense to compare the leading currency charts on the Foreign Exchange markets [FX], to see a) does a correlation exist, and b) take an overview of a market we rarely visit. As the SNB decision to make an apparent[?] independent break from the rest of the central banks, the risk exposure in trading in the bank-[rigged]-dominated FX markets is far greater than any occasional rewards.
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Wednesday, January 14, 2015
EURUSD and GBPUSD Intraday Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
EURUSD is higher after worse than expected Retail Sales data in the US. USD sold-off across the board, in-line with US stocks in pre-market trading while metals found a support. Well, EURUSD turned up from a new low, that could be treated as a low of a fifth wave. But we always have to try to label the wave count so that we stay with a trend, which is still down. Also, another thing is that red wave 5) would be very small which would not be so typical if we consider that red impulsive red waves 1) and 3) were much larger. With hat said, I suspect that EURUSD is still making either a flat correction in red wave 4) or a triangle if price will stay sideways.
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Tuesday, December 23, 2014
Divergence and Deflation Dminated Forex Markets in 2014 / Currencies / Forex Trading
By: MahiFX
For the forex markets 2014 can be largely summed up in just two words: Divergence and Deflation. It was also the year of the USD, which enjoyed a spectacular rally.
The USD index was around 80 at the end of December 2014 and by the end of December 2015 it was 89.60 with it really finding its momentum from June onwards.
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Friday, December 19, 2014
Cheap Oil Good for Consuming Countries, but won't help EUR or JPY / Currencies / Forex Trading
By: MahiFX
Cheap oil is good for the economies of the US, Europe and Japan and the recent plunge in prices should support the USD, but for the EUR and JPY the dynamics are more nuanced.
The interpretation many commentators are drawing from plunging oil and commodity prices is that the global economy is slowing and that deflation will become more persistent. However, if the global economy is slowing – cheaper oil will be a good tonic. And low energy prices are actually a form of good deflation for consuming countries.
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Thursday, December 11, 2014
GBP/USD - Breakout Or Fakeout? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. Department of Labor reported that the initial jobless claims in the week ending December 6 dropped by 3,000 to 294,000, beating forecast. Additionally, the U.S. Commerce Department showed that retail sales increased by 0.7% last month, beating expectations for a gain of 0.4%, while core retail sales (without automobile sales), increased by 0.5% in November, surpassing forecasts for a 0.1% gain. These bullish numbers supported the greenback and pushed GBP/USD lower, but the pair is still trading close to the key resistance line. What's next?
Wednesday, December 03, 2014
Commodity price weakness could be game changer for Currencies / Currencies / Forex Trading
By: MahiFX
The recent rout in oil prices and that of a number of other key commodities could have some surprising ramifications for the forex markets next year.
The obvious victims so far have been the commodity currencies, some of which have been hammered. If commodity prices are entering a long-term bear market that could have significant ramifications for monetary policy in the US, UK, Eurozone, Japan and other developed countries.
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Monday, November 10, 2014
EUR/USD, GBP/USD, USD/JPY, AUD/JPY... Forex Forecasts Last Chance / Currencies / Forex Trading
By: EWI
This is your last chance to access free forex forecasts week.
During FreeWeek, you get unrestricted, 24/7 access to intraday, daily, weekly and monthly forecasts -- including charts and videos -- for these FX markets:
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Thursday, November 06, 2014
Forex vs. Stocks: What's "better" to Trade? / Currencies / Forex Trading
By: EWI
As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI's currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks.
Monday, November 03, 2014
Forex Markets Chart Analysis for USD, GBP, JPY, CDW, XAD... / Currencies / Forex Trading
By: Gary_Tanashian
In light of the news from the land of the rising sun and the sinking currency, let's reserve NFTRH 315's only real charting for a big picture monthly view of currencies, to which we usually give just a brief update, and then some misc. big picture monthly charts [not included in this excerpt] as we try to gain perspective on things that may seem illogical to our rational minds.
Monday, October 06, 2014
GBP Still Trading Under Pressure: Can This Continue? / Currencies / Forex Trading
By: Richard_Cox
Dollar strength continues to dominate, so if there is any way to characterize the overall behavior in forex markets for the final portion of the summer, it would be done using the pronounced bullish moves that have been see against the Euro and Pound. Most of this positive activity in the greenback has been supported by risk aversion and geopolitical tensions (which were present in several major economic regions around the world). This sent the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) to new highs, and this strength came at the expense of both the Euro and British Pound (GBP), which are both trading at some of their lowest levels of the year.
Monday, October 06, 2014
GBPUSD and EURAUD Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
No change on GBPUSD; the pair is still showing a very interesting and clear bearish pattern that is pointing lower, into wave v) of (iii). On the upside price meets resistance at 1.6000 and 1.6030/50.
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Thursday, September 18, 2014
Global Currencies Analysis...The World According to Chartology / Currencies / Forex Trading
By: Rambus_Chartology
We've been looking at massive H&S patterns in the last two reports I've posted so you can get a feel for the bigger picture which is so important to grasp. It's always much easier to make money trading within the big trend. For instance if you've been trading the precious metals stocks over the last 3 years or so you have had a strong headwind blowing against your trades making it very difficult to make a decent profit and then hold on to those profits. If you're a short term trader and can catch the little swings up and down you at least have a chance but that to is very hard to do constantly. Knowing the direction of the big trend can bail an investor out if his timing is off but if you trade against the trend and your timing is off then you will pay dearly as the markets can be unforgiving.
Tuesday, September 09, 2014
AUDNZD Another Pullback Forex Trading Opportunity? / Currencies / Forex Trading
By: Austin_Galt
Since my last report on the AUDNZD, price has embarked on a nice uptrend hitting a high last week just shy of $1.13. It really has been one way traffic. Northbound that is. However, last Friday saw the first sign that the next decent pullback opportunity may be upon us. Let''s investigate.