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Forex Trading Alert: USD/JPY – Short-term Consequences of Long-Term Resistance
March 15, 2016, 9:57 AMEarlier today, the Bank of Japan kept interest rates unchanged at -0.10% which pushed the yen higher against the greenback. What does it mean for USD/JPY?
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Forex Trading Alert: What’s next for Major Currency Pairs against Dollar?
March 14, 2016, 8:25 AMEarlier today the USD Index moved little higher and came back around 96.50, stabilizing after Thursday’s sharp decline as investors turned their attention to Wednesday’s outcome of the Federal Reserve’s latest policy meeting. Nevertheless, before know the decision on interest rates, let’s focus on the current situation in our six currency pairs.
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Forex Trading Alert: AUD/USD – Breakout or Fakeout?
March 11, 2016, 10:43 AMEarlier today, the Australian dollar moved higher against its U.S. counterpart, breaking above the upper border of the consolidation and hitting a fresh March high. Will the resistance zone stop further rally in the coming days?
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Forex Trading Alert: Uncertainty around ECB Decisions
March 10, 2016, 7:38 AMEarlier today, the euro declined against the U.S. dollar once again as uncertainty around today’s ECB decisions continues to weight on the European currency. Thanks to these circumstances, EUR/USD dropped under the barrier of 1.1000. Will we see a test of the recent lows in the coming days?
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Forex Trading Alert: Will EUR/USD Plunge Again?
March 9, 2016, 6:43 AMEarlier today, the euro extended losses against the greenback before tomorrow's European Central Bank meeting. As a result, EUR/USD came back under the previously-broken support/resistance line, but will we see further declines in the coming days?
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