JPY – Caution Within The Asian Markets

by bforex.com | June 10, 2010 9:30 am
The JPY gained against the USD on Wednesday under another wave of risk adverse trading leading up to today’s risk events from Europe and the United States.

Market Volatility and Indirection

by bforex.com | June 10, 2010 8:21 am
The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji’s...

USD – Opportunistic Ranges In Cautious Markets

by bforex.com | June 9, 2010 9:01 am
The currency and equity markets traded in rather consolidated fashion on Tuesday. Market participants continue to exhibit nervousness and there has been little in the way of economic data so far this week in order to push...

EUR – Rumors And The ECB

by bforex.com | June 9, 2010 9:00 am
The EUR managed to trade in range on Tuesday as investors cautiously moved in what are still nervous circumstances. German Industrial Production data was released and turned in a slightly positive outcome, but as mentioned yesterday the...

GBP – Austerity And Bank Of England

by bforex.com | June 9, 2010 8:59 am
The Sterling, like its counterparts, found itself mired in a rather tight range on Tuesday. The U.K. will release its Trade Balance statistics today, but the likely focus of investors will be on comments coming from the...

JPY – Investors Awaiting Next Push

by bforex.com | June 9, 2010 8:55 am
The JPY and USD pair proved that in times of crisis that they can turn in a song and dance routine that becomes rather well practiced. The currency pair moved in a consolidated manner as Asian bourses...

Don’t Trade Against The Trend:

by bforex.com | June 9, 2010 7:35 am
We tracked this pair since February as the 200 day Moving Average held firm support for the NZD. The major MA’s converged to within 40 pips of each other, which is very narrow (see blue arrow). Price...

USD – A Nervous Confidence Game

by bforex.com | June 8, 2010 9:03 am
The USD made a strong start on Monday and then allowed the EUR and GBP to bounce back from their lows. Powering to new highs the USD started to find some resistance as the day developed and...

EUR – Can Rescue Package Bring Stability?

by bforex.com | June 8, 2010 9:01 am
The EUR traded to new lows early on Monday but was able to bounce back and push itself at least into stronger parts of its intraday ranges. The EUR found some stability as Hungarian officials stepped forward...

GBP – Nationwide Consumer Confidence Today

by bforex.com | June 8, 2010 9:00 am
The Sterling started off Monday on a weaker foot but it did find some balance and managed to climb from its lower depths. The EUR centric storm clouds persist for the GBP, but there is also U.K....