JPY & AUD – Highs Continue
Both the JPY and AUD continue to create fireworks as they trade near highs. The JPY has stubbornly clung to the highest parts of its long standing range (discounting the temporary move that the BoJ caused with...
Author: bforex.com
How Much Steam Is Left?
The USD started off on a stronger foot Monday, but as the day wore on began to give much of its gains back and fell to the weaker sides of its ranges versus most of the major...
Taming Volatility
Oil: The faster the time frame the greater the relative volatility appears to be. On the chart below we use a monthly tenor. A Wedge pattern present itself which suggests that price is readying itself for a...
Pairs Waiting To Break As Dollar Tumbles:
GBPUSD: The GBP hit just south of 1.60 nearly 2 months ago and has not been back there since. The GBP closed Friday at the most recent highs, or near term Resistance at 1.5835.
Questions Before The Weekend
The major currencies had another day of range trading and the USD still has not been able to muster enough strength to remove itself from the weaker side of its trend. The Federal Reserve’s FOMC Statement continues...
Swagger & Divergence Within Currencies
The USD and other major currencies continued to trade under the shadows of central bank mandates on Tuesday. The Federal Reserve released its FOMC Statement which once again admitted that the U.S. economy is experiencing a less...
FOMC Statement In Focus
With plenty of today’s trading having taken place already and the Building Permits number from the U.S. having turned in a slightly negative outcome all eyes now turn to the Federal Reserve’s FOMC Statement.
Pops and Drops
AUDUSD: The AUD has taken out major Resistance that had been in place since October of 2009 and with one point extending as far back as October 2007. This level of Resistance stood between .9350 and .9400....
War Of Attrition For JPY Underway
The broad markets produced a day of range trading on Wednesday as the after effects from the Bank of Japan’s intervention were digested along with continuing mixed data from a variety of international spheres. The USD languished...
Bank of Japan’s Intervention’s & The Technicals
USDJPY: The JPY is unquestionably in the midst of a very strong run against the USD as inferred from the tight channel this pair has been trading in. However, yesterday’s price action does represent the first breach...