AUDUSD Forecast June 18, 2015, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Wednesday, finding support near the 0.7650 level.
ETF
EURUSD Triangle Breakout June 18, 2015
EURUSD just broke out of its short-term consolidation pattern, signaling that further gains are possible for the pair. Recall that price had traded inside a symmetrical triangle pattern before breaking to the upside past the 1.1300 major psychological resistance.
China, Australia Sign Free Trade Agreement
China and Australia signed a long-awaited Free Trade Agreement (FTA) on June 17 in Canberra, Australia.
EURUSD Forecast June 17, 2015, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Wednesday, as we found the 1.12 level to be supportive. We believe that this market continues to bounce back and forth as we have no real chance of a significant trade at the moment.
USDJPY Forecast June 17, 2015, Technical Analysis
The USDJPY pair did very little during the session on Wednesday, as we continue to bounce around the 123 handle.
GBPUSD Forecast June 17, 2015, Technical Analysis
The GBPUSD pair initially fell during the day on Wednesday, but found enough support below yet again to turn things back around and form a hammer.
AUDUSD Forecast June 17, 2015, Technical Analysis
The AUDUSD pair initially fell on Wednesday, but found enough support below to turn things back around to form a hammer for the day.
Tune In Turn On And Don’t Drop Out
Stealing a phrase from Timothy Leary and adding a twist. The sixties were a tumultuous time and marked a time of rapid change. Today, I think that many people, businesses and government are suffering Futureshock, with its debilitating effect of paralysis, and creative destruction of old guard business power.
USDCAD Short-Term Correction June 15, 2015
USDCAD is showing signs of a pullback on its 1-hour time frame, as the pair bounced off the 1.2200 major psychological support area. Price is now testing resistance at the 38.2% Fibonacci retracement level, which lines up with the short-term 100 SMA.
Alibaba announces new deals in TV, movie industries
E-commerce mammoth Alibaba Group Holding is building a stronger presence in the entertainment industry, announcing two more strategic partnerships to celebrate the first anniversary of Yulebao, its online investment platform for digital entertainment products.