BOJ Punctures The JPY
Yesterday and early today may well go down as the sounding bell for the newest wave of volatility in the broad markets. The USD lost swiftly to the EUR in trading yesterday, but divergence was evident as...
Author: bforex.com
USD – Retail Sales Reports On Cue
The USD lost ground to the EUR in early trading on Monday as the effects of the Basel III accord brought clarity into the markets – supposedly. The U.S. did not release much in the way of...
EUR – German ZEW Economic Sentiment Today
The EUR managed to gain in the early sessions on Monday and held on to the stronger part of its range. There was little data from Europe yesterday, but today the German ZEW Economic Sentiment report will...
Market Movements
AUDUSD: The AUD is approaching very strong long range Resistance between .9350 and .9400. We have seen price action bounce off these levels at least twice in the past year, thus forming a double top as shown...
GBP – Mixed Data Causing Headwinds
The Sterling continued to be under pressure on Monday as mixed data once again showed its ugly head. The RICS House Price Balance showed a significant drop to minus -32%, far below the estimate of minus -11%.
JPY & AUD – Strong Yen Despite BoJ
The JPY has found itself taken to the very height of its strength versus the USD as investors have continued to test the resolve of the Bank of Japan and officials. The Japanese ruling party held a...
European Issues Reignite
With summer almost in the rear view mirror and investors returning from the Labor Day holiday, the USD gained against the EUR and GBP swiftly. There was no major data from the U.S. on Tuesday, but risk...
Dollar Trades Weaker; Which Pairs Are Ready To Breakout?
EURUSD: The EUR closed on Friday exactly at near term Resistance, at 1.2894. Obviously a close higher would provide added support to this EUR rally. The EUR has also closed up four consecutive sessions, something it failed...
A Test Of Ranges Today
The week will start on a quiet note because of the Labor Day holiday in the States. Before going into the weekend mixed data surrounded investors once again and gave both bulls and bears more reasons to...
USD – Mixed Data Abounds
The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI.