A Fractal View of the USDCAD
USDCAD – 4 hour The 4 hour chart shows the recent drop in the USDCAD, touching the October lows today. The drop over the past 2 weeks has been swift with no significant countertrend pullbacks until yesterday’s...
Author: bforex.com
Economic Policies In Question
The broad marketplace proved that it is part of a confidence game that is living on a razor’s edge. The USD continued to gain versus the EUR and GBP on Tuesday as it was hinted that the...
Gold Shining Brightly
The USD essentially traded in a consolidated range versus the major currencies on Monday on a very light day of data globally. The real story of the day was Gold as it smashed upwards to new highs...
Jobs data boosts Dollar
The NFP data indicated that businesses are starting to hire, providing the dollar with a much needed jump against many currencies. EURUSD The Euro fell back to support, now sitting precariously on its 2-week long rising trendline.
USD – Divergent Data, Divergent Views
The USD gained on Friday and this came on the back of a better than anticipated Non Farm Employment Change number. As much as the jobless figure typically runs the show on the first Friday of every...
EUR – How Much Longer Dollar Centric?
The EUR lost ground to the USD on Friday as the day came to a close, and it did this as some traders must have been wondering how long the EUR can trade under a dollar centric...
GBP – Plenty Of Data Tmrw For Sterling
The Sterling remains within the higher realms of its values against the USD even after it lost some ground to the greenback on Friday. The Sterling finds itself comfortably within the stronger parts of its range. The...
JPY & AUD – Gold Helps Keeps The AUD Moving
The JPY crawled to some slight loses against the USD on Friday, but it remains solidly within a sphere that it has fashioned for a long duration now – taking into the account the brief intervention attempt...
Breakouts and Fakeouts
AUDJPY AUDJPY has been difficult to trade recently, chopping back in forth since the September jump in the yen. Price retested the level set before the Bank of Japan intervened, and has rocketed up higher since, breaking...
Republicans & The FOMC
The USD traded in a rather predictable range against the major currencies on Tuesday as the U.S. midterm elections were held. The results of the election are nearly in and it is evident that the Republicans have...