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Market Info

GBP/USD: Trading the UK CPI Release (August 13, 2013)

The UK is scheduled to release its annual CPI reading today and possibly show bleaker inflation of 2.8% compared to the previous 2.9% reading. However, this is still way above the BOE’s 2% inflation target, which should remind traders that the central bank is still closely monitoring the annual CPI readings.

Forex Major Currencies Outlook (August 12, 2013)


The dollar bounced back to action against some of its counterparts on Friday, as traders booked profits off their short trades ahead of the weekend. 

EUR/USD: Short-Term Trend Setup (August 12, 2013)

EUR/USD is still in a strong uptrend on its 1-hour time frame, as seen from the rising trend line that connects the price’s lows. It appears that another test of the trend line could take place within the day, as the pair has retreated upon reaching resistance at 1.3400.

Forex Major Currencies Outlook (August 8, 2013)


The U.S. dollar weakened against most of its counterparts in yesterday’s trading, as risk appetite continued to stay in the markets. 

USD/JPY: Support Turned Resistance (August 8, 2013)

USD/JPY just broke below a key support level, as dollar weakness continued to dominate price action in yesterday’s trading. After that strong drop though, USD/JPY might retrace for a bit before heading any lower.

Forex Major Currencies Outlook (August 6, 2013)


The US dollar lost ground to some of its counterparts in yesterday’s trading as risk sentiment seemed to improve and favor the higher-yielding currencies. 

AUD/USD: Rate Cut Retracement (August 6, 2013)

The Reserve Bank of Australia cut interest rates by 0.25% during their monetary policy statement today and, judging from AUD/USD’s reaction, this was expected by most market participants.

Forex Major Currencies Outlook (August 2, 2013)


The US dollar continued its rallying ways across the charts, pushing USD/JPY above the 99.00 mark and EUR/USD down to the 1.3200 area. Data from the US has been upbeat, with both initial jobless claims and ISM manufacturing PMI coming in better than expected. 

NFP Setup: USD/CHF Retest (August 2, 2013)

Dollar strength is still persistent, as USD/CHF already broke above the falling trend line on its 1-hour time frame. 

Forex Major Currencies Outlook (August 1, 2013)


The dollar had a topsy-turvy day, as the GDP report from the US came in stronger at 1.7% instead of the estimate at 1.1%. 

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