GBPUSD Daily Analysis – April 30, 2014
GBPUSD stays in a trading range between 1.6762 and 1.6857.
Curve Ahead Market Strategies
Economic Problems Continue to Plague the Ukraine
Reports overnight show Ukraine’s GDP fell by 1.1% yr/yr for the first quarter in 2014. Ukraine’s department of State Statistic Services report also indicated its economy dropped 2% in January-March from the previous quarter.
AUDUSD Daily Analysis – April 30, 2014
AUDUSD remains in downtrend from 0.9461.
Brent Slides On Libyan Port Reopening
Brent crude oil (BNO, quote) suffered its largest loss in almost a month, bringing it down near $108.
EURUSD Daily Analysis – April 29, 2014
EURUSD broke above 1.3864 resistance. However, the rise from 1.3785 is likely consolidation of the downtrend from 1.3905,
USDJPY Daily Analysis – April 29, 2014
USDJPY is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed,
AUDUSD Daily Analysis – April 29, 2014
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, and the fall extended to as low as 0.9227.
USDJPY Daily Analysis – April 28, 2014
USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96.
AUDUSD Pullback to Play Out? (April 28, 2014)
AUDUSD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher.
Tough times for EUR/USD forex traders
It’s been a tough couple of weeks for eurodollar traders, with the pair trading in a congested range, testing the 1.3780 floor to the downside and the 1.3870 ceiling to the upside on the daily chart.