EURUSD Daily Analysis – March 3, 2014
EURUSD broke above 1.3773 resistance, indicating that the uptrend from 1.3477 has resumed.
U.S. dollar
GBP/USD Forecast February 28, 2014, Technical Analysis
The GBP/USD pair fell during the session on Thursday, only to turn back around and form a hammer for the second day in a row.
USD/JPY Forecast February 25, 2014, Technical Analysis
The USD/JPY pair initially fell during the session on Friday, but as you can see found enough support at the 102 level in order to go higher and form a hammer yet again.
USDJPY Forecast January 15, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well.
Short-Term Daily Forex Analysis – August 19, 2013
USDJPY failed to break above the resistance of the downward trend line on 4-hour chart, and pulled back from 98.64, suggesting that the pair remains in downtrend from 101.53. Further decline would likely be seen, and next target would be at 96.00 area. Key resistance is located at the trend line, only a clear break above the trend line resistance could signal completion of the downtrend.
Morning Coffee Break – March 22
Morning Coffee Break – Friday March 22 As we get ready to start the final session of the week traders will be without a doubt will be focused on the developments in Cyprus. Or should I say lack of development as Cyprus leaders’ hopes for a Russia bailout loan has fallen part and are going into the weekend with no deal and the European Central Bank deadline set for Monday
Gold futures remain bearish despite modest gains yesterday
Gold bugs finally had something to cheer about today as April gold futures finally awoke from their recent slumbers, trading higher in today’s session, and moving to test the $1600 per ounce price level
Morning Coffee Break
Welcomes to today’s Morning Coffee Break – U.S. markets are coming of the largest single day gains since early September. Depending on which analysts have the airways the move was due to an extreme oversold condition while others point to the growing confidence in a deal to avoid the fiscal cliff.
Currency Outlook
Traders start out the week with the U.S. dollar broadly lower against the major currency pairs. The moves comes on the hope the U.S. policymakers can reach a deal before the fiscal cliff deadline which in turn pushed sentiment toward risk appetite assets and away from the safety of the U.S. dollar.
Euro Outlook
A portion of this post was published also in the public section Traders start out the week with the U.S. dollar broadly lower against the major currency pairs. The moves comes on the hope the U.S. policymakers can reach a deal before the fiscal cliff deadline which in turn pushed sentiment toward risk appetite assets and away from the safety of the U.S. dollar.
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