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Forex Trading Alert: USD/JPY under Resistance
December 21, 2016, 10:30 AMAlthough the yen dropped against the greenback yesterday after the Bank of Japan left its monetary policy unchanged, the Japanese currency rebounded earlier today as the USD Index gave up some gains. Will we see USD/JPY at lower levels in the coming days?
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Forex Trading Alert: EUR/USD – How Low Could It Go?
December 20, 2016, 9:14 AMAlthough the USD Index moved little lower in previous days, yesterday’s Federal Reserve Chair Janet Yellen’s comments supported the greenback and took the U.S. currency to fresh highs earlier today. As a result, EUR/USD extended losses. How low could the exchange rate go in the coming days?
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Forex Trading Alert: What’s next for Major Currency Pairs against Dollar?
December 19, 2016, 11:45 AMEarlier today, the yen moved higher against the greenback after official data showed that Japan's trade surplus narrowed to 152.5 billion yen in the previous month. What happened with other currency pairs at the same time?
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Forex Trading Alert: AUD/USD at Fresh Multi-month Lows
December 16, 2016, 10:46 AMAlthough today’s data showed that U.S. building permits dropped 4.7% in the previous month, the greenback remains close to multi-month highs as the Federal Reserve’s decision to raise interest rates continues to support the U.S. currency. What impact did the recent greenback’s rally have on the technical picture of AUD/USD?
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Forex Trading Alert: EUR/USD under Pressure
December 9, 2016, 10:37 AMAlthough the euro surged against the U.S. dollar during early European session yesterday, EUR/USD reversed and declined sharply after the ECB's Mario Draghi comments. As a result, the exchange rate erased most of the recent upward move. Will we see a test of the recent lows in the coming days?
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