AUDUSD Forecast March 30, 2015, Technical Analysis
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
Currency
EURUSD Forecast February 9, 2015, Technical Analysis
The EURUSD pair fell during the course of the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated.
Not A Happy New Year For Crude Oil
As we come to the end of another trading year, very few traders would have believed oil would be centre stage along with the US dollar, and as the star of the currency of first reserve continues to shine brightly, that of crude oil continues to flicker and fade as OPEC maintains its policy of taking on the alternative energy providers head on.
AUDUSD Forecast December 23, 2014, Technical Analysis
The AUDUSD pair fell during the session on Monday, but we remain within the consolidation area that we have been stuck in.
The US Dollar Rules – OK!
Difficult to believe that until recently the US dollar (UUP, quote) was being written off by all and sundry, with some even suggesting that its days as the currency of first reserve were numbered. Many were calling for the Yuan to replace it, and even the euro in its current iteration. Others suggested a basket of currencies. How times have changed.
Currency Futures Roundup Ahead of NFP
As the currency markets pause ahead of the monthly Non Farm Payroll release due later, I thought it would be a good time to revisit the weekly futures charts for some of the major currency pairs, and to step back a little, following a week of significant news items around the world. This helps to contextualize the NFP data, which whilst important, is simply another release in the economic calendar.
Aussie Dollar Under Fire From All Sides!
As we come to the end of another trading week, for the Australian dollar it has been another characterized by negative sentiment with the AUD/USD likely to close with a wide spread down candle, with the bearish tone picking up momentum once again. The move lower for the pair is of no great surprise given the clear and unequivocal messages that have been emanating recently from the RBA, during the
AUDUSD Forecast November 26, 2014, Technical Analysis
The AUDUSD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle.
Even Oil Inventories Fail To Put The Brakes On
For oil traders and speculators hitting the sell button has become almost automatic, as the heavily bearish tone for the commodity shows no signs of abating just yet, with another solid move lower yesterday offering low risk trading opportunities once again.
AUDUSD Forecast November 6, 2014, Technical Analysis
The AUDUSD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle.