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Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?
October 24, 2014, 10:18 AMEarlier today, the Office for National Statistics showed in a preliminary report that U.K. gross domestic product rose 0.7% in the third quarter. As a result, GBP/USD bounced off the support zone and climbed above 1.6050. What happened with other major currency pairs? Did the recent price moves change their short-term outlooks?
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Forex Trading Alert: USD/JPY – Currency Bulls In Charge
October 23, 2014, 1:38 PMEarlier today, the Department of Labor showed that the four-week average of the initial jobless claims fell to the lowest level since May 2000. In response, the U.S. dollar moved higher and climbed to a two week high against the weaker yen. How did this move change the very short-term picture?
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Forex Trading Alert: Why EUR/USD Is Likely To Fall?
October 22, 2014, 10:53 AMEarlier today, the U.S. Department of Labor reported that consumer prices increased 0.1% in September, which supported the U.S. dollar and pushed the EUR/USD pair below the short-term support. What’s next?
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Forex Trading Alert: USD/CAD – At Crossroads
October 21, 2014, 1:50 PMEarlier today, the National Association of Realtors showed that sales of previously owned homes climbed 2.4% from a month earlier to a seasonally adjusted annual rate of 5.17 million in September. These solid numbers supported the greenback and pushed the USD/CAD pair to the important short-term support. Will it be strong enough to push the exchange rate higher?
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Forex Trading Alert: GBP/USD Meets Resistance Lines
October 20, 2014, 12:39 PMAlthough Friday’s upbeat U.S. data (which showed that U.S. housing starts rose more than expected in the previous month and U.S. consumer sentiment rose to the highest level since July 2007) pushed the greenback higher, the British pound didn’t extend losses. Does it mean that traders’ sentiment is improving?
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