EUR/USD’s choppy recovery from 1.2994 continued last week and reached as high as 1.3269. Further rally could be seen in near term. But after all, note that recent price actions have been very indecisive, as seen in the triangle pattern from 1.3486. Break of 1.2994 or 1.3385 is needed to Action Insight (All Technical) forex [...]
Fed Chairman Ben Bernanke did a number on the U.S. dollar this week. By saying that the Fed is prepared to do more if the economy weakens, he sent the dollar tumbling against all of the major currencies. Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
CURRENCYCURRENT BIASPOTENTIAL STRATEGYEUR/USD (Short Term)Rallying into Monthly Pivot resistance at 1.3244, see full report for more detailsGBP/USD (Short Term)Trade in progress: Bought GBP/USD at 1.6210, stop at 1.6152, target at 1.6295USD/JPY (Short Term)Finding support near previous lows at 80.40, may bounce into the close of the weekUSD/CHF (Short Term)Reversing lower after hitting Monthly Pivot at [...]
It has been a very quiet day in the foreign exchange market with the U.S. dollar holding steady against most of the major currencies. The only notable move was in USD/JPY and its losses were less than half of a percent. The big focus tonight is the Bank of Japan’s monetary policy announcement, which we [...]
CURRENCYCURRENT BIASPOTENTIAL STRATEGYEUR/USD (Short Term)Dropping sharply, but key support sits at convergence of bullish trend line, 1.3200 handleGBP/USD (Short Term)Yesterday’s GBP/USD short trade stopped out, now looking for a break above 1.6200 to signal further ralliesUSD/JPY (Short Term)Inching lower, but still in the middle of recent 80.40 – 81.80 rangeUSD/CHF (Short Term)Bouncing modestly, but key [...]
A number of factors suggest that the EUR/JPY could rally at 105.97. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex analysis
With European bond yields continuing to decline and bond spreads throughout Europe compressing, the euro broke the top side of its 2.5 week range, rising to an intraday high of 1.3236 against the U.S. dollar. Despite weaker than expected U.S. durable good Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
The euro ended the North American trading session slightly higher against the U.S. dollar. Although we can attribute the currency’s s Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
CURRENCYCURRENT BIASPOTENTIAL STRATEGYEUR/USD (Short Term)Consolidating in the mid-1.3100s after bouncing from 1.3100 support yesterdayGBP/USD (Short Term)Yesterday’s sell trade invalidated, GBP/USD at make-or-break level. See full report for more detailsUSD/JPY (Short Term)Bouncing modestly from 81.00 support, but in the middle of recent 80.40 – 81.80 rangeUSD/CHF (Short Term)Consolidating in a tight range near .9125, see full [...]
We have updated our profit target for last week’s GBP/CAD trade opportunity. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex analysis
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