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Market Info

Forex Major Currencies Outlook (April 12, 2013)

USD

 The U.S. dollar could be in for another sharp selloff during today’s U.S. session as the retail sales report is set for release. 

U.S. Retail Sales: Potential USD/JPY Correction (April 12, 2013)

USD/JPY has been stalling around the 99.50 minor psychological area for the past few days already, suggesting that yen bears may be running out of steam.

Forex Major Currencies Outlook (April 11, 2013)

USD

The U.S. dollar had quite a topsy-turvy ride at the start of the U.S. session when the FOMC meeting minutes were suddenly released early. 

AUD/USD Potential Retracement to 1.0500 (April 11, 2013)

AUD/USD suffered a quick selloff during today’s early Asian session when Australia printed weaker than expected jobs data. 

Forex Major Currencies Outlook (April 10, 2013)

USD

The U.S. dollar continued to suffer losses against most of its major counterparts, except for the Japanese yen, as the weak March NFP figure dashed hopes of earlier than expected monetary policy tightening from the Federal Reserve. 

AUD/USD to Test 1.0600? (April 10, 2013)

AUD/USD seems to have breached the 1.0500 major psychological level already and appears poised to test the next resistance at 1.0600. 

Forex Major Currencies Outlook (April 9, 2013)

USD

There were no major reports released from the U.S. yesterday, allowing the Greenback to recover from some of its recent losses. 

GBP/USD: Break and Retest Scenario (April 9, 2013)

Thanks to weaker than expected U.S. jobs data, GBP/USD breached the 1.5250 minor psychological resistance on Friday and climbed all the way up to the 1.5350 mark. 

Forex Major Currencies Outlook (April 8, 2013)

USD

The U.S. economy showed weaker than expected jobs growth for March as the NFP report printed an 88K figure instead of the projected 198K increase. 

USD/CHF Break and Retest Scenario (April 8, 2013)

The disappointing March NFP from the U.S. triggered a sharp selloff for USD/CHF, taking the pair below the .9400 significant support level and bottom of the previous range. 

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