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Market Info

Forex Major Currencies Outlook (September 20, 2013)


The dollar was sold off sharply after the FOMC statement but it was quick to recover some of its recent losses while holding steady against other major counterparts. 

USD/CAD: Trend Line and Divergence (September 20, 2013)

USD/CAD had a sharp drop followed by a quick retracement yesterday, as the FOMC statement against tapering triggered overall dollar weakness. The pair is currently finding resistance at the 61.8% Fib on the 1-hour time frame.

Forex Major Currencies Outlook (September 19, 2013)


The dollar suffered heavy selling in yesterday’s NY session, as the Fed decided against tapering asset purchases this month. 

GBP/USD: Bullish Pennant (September 19, 2013)

GBP/USD staged a strong rally yesterday, thanks to the upbeat BOE minutes and the Fed’s decision against tapering. This was enough to push GBP/USD past the upward channels on the 1-hour and 4-hour time frames.

Forex Major Currencies Outlook (September 18, 2013)


The US dollar edged lower against its counterparts but seems to be consolidating for today’s Asian session, as traders are awaiting the FOMC statement. 

NZD/USD: Rising Trend Line (September 18, 2013)

NZD/USD has been on a very strong uptrend since the start of the month, as the RBNZ’s hawkish remarks and risk appetite have been spporting the pair.

Forex Major Currencies Outlook (September 17, 2013)


The Greenback still gave up some ground to the major currencies during yesterday’s trading, as news of Summers’ withdrawal from the Fed head race led to more dollar-selling. 

GBP/USD Rising Channel Support (September 17, 2013)

GBP/USD is still on its current uptrend, based on the rising channel on the pair’s 1-hour time frame. 

Forex Major Currencies Outlook (September 16, 2013)


The US dollar lost ground to most of its major counterparts on Friday’s New York session, as the retail sales report printed weaker than expected results. 

USD/JPY Resistance Turned Support (September 16, 2013)

USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce.

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