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Yen Enters Most Bullish (USDJPY Bearish) Period in Years
The USDJPY drop below 104.96 signals that the pair has entered wave iii of 3 (of even larger 3) territory. The implications are that the USDJPY has entered...
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Forex Trading: The GBPJPY bright spot in the dark tunnel
The GBPJPY reached the February low (205.88) and bounced. Given the sharp decline over the last few days, this is not all that surprising.
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Forex Trading and Economic News
Economic data affects the currency marketWhen forex trading on the currency market, it is important to take into account economic news. Economic data can have an effect on currency trading on the FX market. ...
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Forex News: Personal Income up 0.3% and Personal Spending up 0.4%
PCE CORE 2.2 and up 0.3 MoM. PCE Deflator +3.7% These figures will not shock the Fed. read more.
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Forex News: CAD News--Current Account, IPPI, RMPI
CAD Current account came out at -.5B from the previously revised 1.34B. The forecast was 0B, so this number is lower than the previous and expectation, which is known to have a negitive effect on the CAD. This is the first current ...
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MT4 Brokers Accused in Being Scam?
It started eleven days ago on the ForexFactory forum, but I?ve read it first about a week ago on a TalkGold forum?s thread titled ?Mt4 Brokers Are All Scam Brokers By Definition?. Of course, I?ve got interested in this topic because ...
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GBPAUD running out of steam
Hello everyone, Yesterday Thursday I took a short entry on GBPAUD. The position was based on a breakout and posterior retest of the 2.1100 key support level which had been holding price above for the last two weeks. ...
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Forex News: Canada Current Account for the 4Q to be released at 8 ...
read more.
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Forex News:University of Michigan Consumer Sentiment index due at ...
read more.
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Forex News: US Personal Income and Personal Spending to be ...
read more.
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Forex News: Dollar Falls Against Euro and Yen, As German Retail Sales Suprise
See the article...
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Forex Trading: AUD/$
Auzzie just got smacked on an hourly, having continued on its breach of the trendline shown:
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Yen Falls Below 105, Will the BoJ Intervene?
Talking Points - Japanese Yen: Breaks 105, First time in 3 years - Euro: Fresh Record at 1.5238 on strong German Retail Sales - Pound: Housing continues...
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FX Trading: USDJPY
USDJPY is getting a bit sloppy as we are now seeing levels not traded since 2005, USDJPY now approaching 104.00.
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Forex Trading: EUR/JPY
EUR/JPY broke through the critical level which we've been watching over the past few days, showing how much more dramatic the move in the $/JPY component has been in spite of the all time highs which EUR/$ has been tacking on...
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