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Forex Trading Alert: Will EUR/USD Plunge Again?
May 12, 2016, 5:51 AMEarlier today, official data showed that the euro zone’s industrial production dropped by 0.8%, missing analysts’ forecasts of a 0.1% gain. As a result, EUR/USD gave up some gains and approached the level of 1.1400. Will we see further deterioration in the coming days?
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Forex Trading Alert: GBP/USD – Trading in Narrow Range
May 11, 2016, 11:00 AMEarlier today, official data showed that British manufacturing output dropped by 1.9% in March from the same month a year earlier, which was the steepest annual fall since May 2013. Thanks to these disappointing numbers, GBP/USD slipped under 1.4400, but did this drop change anything in the short-term picture of the exchange rate?
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Forex Trading Alert: USD/JPY - Ready for New High?
May 10, 2016, 6:03 AMEarlier today, the U.S. dollar moved higher against the yen once again as yesterday’s Japan’s Finance Minister’s commentary (Taro Aso said that his country could intervene in the currency market if necessary) continued to weigh on investors’ sentiment. In this environment, USD/JPY approached the first resistance area. Will currency bulls manage to push the exchange rate above it in the coming days?
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Forex Trading Alert: What’s next for Major Currency Pairs against Dollar?
May 9, 2016, 10:16 AMEarlier today, the U.S. dollar moved higher against the yen after Japan’s Finance Minister warned that his country could intervene in the currency market if necessary. Thanks to this news, USD/JPY extended gains and moved away from important supports. What happened at the same time with our other currency pairs?
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Forex Trading Alert: Is Consolidation in USD/CAD a Sign of Strength?
May 6, 2016, 7:01 AMEarlier today, the USD Index moved little lower as uncertainty around today’s U.S. nonfarm payrolls report increased after disappointing ADP report and yesterday’s initial jobless claims numbers. Thanks to these circumstances, the U. S. dollar declined slightly against its Canadian counterpart, but did this move change anything in the overall picture of USD/CAD?
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