AUD/USD Forecast April 7, 2016, Technical Analysis
The AUDUSD pair initially fell on Wednesday but found enough support just above the 0.75 level again to bounce.
Strategies
Alibaba Becomes The World’s Largest Retailer
Chinese e-commerce giant Alibaba Group Holding Ltd said on Wednesday that it has officially become the world’s largest retail platform, with its total trading volume online in the fiscal year ending in March 2016 surpassing Wal-Mart’s annual sales.
EURUSD Forecast April 6, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the day on Tuesday, but turned right back around to form a bit of a hammer.
AUDUSD Forecast April 6, 2016, Technical Analysis
AUDUSD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle.
US Equity Bulls Now Approaching A Key Level
Bullish momentum for US equities remained firmly in the ascendency last week as bullish sentiment for the US dollar continues to weaken, and further extending the rally of the turbulent start to the year which saw major buying by the insiders as a result.
EURUSD Forecast April 5, 2016, Technical Analysis
The EURUSD pair initially fell during Monday, but found a bit of support below to bounce and form a hammer.
AUDUSD Forecast April 5, 2016, Technical Analysis
The AUDUSD pair fell slightly during the day on Monday, but essentially did nothing.
Australia To Bring ‘Largest Ever Trade Mission’ To China
Representatives from more than 1,000 Australian businesses will be part of Australia’s “largest ever trade mission” to China this month, following the signing of the China-Australia Free Trade Agreement (ChAFTA).
USDCAD Forecast April 4, 2016, Technical Analysis
The USDCAD pair initially rose during the course of the day on Friday, but turned right back around to form a bit of a shooting star. The shooting star completely contradicts the hammer that we formed during the Thursday session, and the fact that the 1.30 level is massively supportive, and also has an uptrend line near there, it makes sense that we will continue to see quite a bit
EURUSD Forecast April 4, 2016, Technical Analysis
The EURUSD pair went back and forth during the day on Friday, eventually settling on a fairly neutral candle.