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Market Info

Major Correction on USD/JPY (July 11, 2013)

USD/JPY suffered heavy selling pressure in yesterday’s trading when the FOMC meeting minutes revealed that not all Fed officials are in agreement with Bernanke’s tapering schedule. 

Forex Major Currencies Outlook (July 10, 2013)



Once again, the US dollar proved its strength against the euro and the pound. EUR/USD dipped to fresh lows around the 1.2775 area while GBP/USD fell below the 1.4900 handle.

USD/CAD: FOMC Minutes Setup (July 10, 2013)

USD/CAD is trending higher on its 1-hour time frame after it found support around the 1.0500 area. 

Forex Major Currencies Outlook (July 9, 2013)


The US dollar lost ground to most of its major counterparts in yesterday’s trading, as traders took profits off their positions from last week. 

GBP/USD: Major Correction (July 9, 2013)

Thanks to the dovish BOE rate statement, GBP/USD suffered a sharp selloff last week.

Forex Major Currencies Outlook (July 8, 2013)


Better than expected jobs data boosted the dollar against its counterparts on Friday, as the NFP figure came in at 195K. 

USD/CAD Rising Channel Setup (July 8, 2013)

The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. 

Forex Major Currencies Outlook (July 5, 2013)


The US dollar was one of the strongest performing currencies in yesterday’s trading as it posted huge gains against the pound and euro. 

Revisiting the NZD/USD Range (July 5, 2013)

The NZD/USD range on its 1-hour time frame is still intact, as the pair just made a test of resistance this time around.

Forex Major Currencies Outlook (July 4, 2013)


The US dollar lost to most of its major counterparts in yesterday’s trading, as some traders booked profits ahead of the Fourth of July holiday in the United States. 

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