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Forex Trading Alert: What’s next for Major Currency Pairs against Dollar?
October 11, 2016, 11:37 AMEarlier today, the USD Index extended gains and almost touched the Jul highs. How did this increase affect the technical picture of our six currency pairs?
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Forex Trading Alert: GBP/USD under Pressure
October 10, 2016, 1:10 PMEarlier today, GBP/USD moved lower once again as concerns about the impact on the British economy after its exit from the European Union continued to weigh on investors’ sentiment. Will we see a test of 1.2000 in the coming week?
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Forex Trading Alert: USD/CAD Invalidates Breakout Once Again
October 7, 2016, 10:43 AMEarlier today, the U.S. dollar moved sharply lower against its Canadian counterpart after the U.S. Labor Department showed that the economy added 156,000 jobs in Sep, missing expectations for a 175,000 increase. Additionally, the unemployment rate ticked up to 5.0% last month, which disappointed market participants and pushed the USD Index below 97. How did this drop affected the current picture of USD/CAD?
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Forex Trading Alert: GBP/USD Hits Fresh Lows
October 6, 2016, 9:17 AMEarlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending Oct1 dropped by 5,000, beating analysts’ forecasts. As a result, the British pound extended losses against the greenback and hit a fresh multi-year lows. How low will the exchange go in the coming days?
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Forex Trading Alert: USD/CHF Invalidates Earlier Breakout - What's Next?
October 5, 2016, 1:44 PMEarlier today, the U.S. dollar extended losses against the Swiss franc, which resulted in a drop below the previously-broken resistance line. What impact will this invalidation of a breakout may have on future USD/CHF moves?
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