The Dollar has gone bullish since the beginning of yesterday’s trading, and ahead of the release of today’s release of Advance GDP figures at 13:30 GMT. Results better than the forecasted -5.4% is likely to make the...
Today’s US Dollar Trading • USD starts weak and reverses• FOMC announcement initially seen as positive• Stops seen driving trade
The Dollar moved sharply higher as the Federal Reserve held its benchmark interest rate at a historic low while it is exploring other alternative methods for fixing the American economy. The passage of Barack Obama’s economic stimulus...
Today’s US Dollar Trading • USD starts better in Asia, gives back gains in New York• Some whipsaw seen on light stops and thin conditions• Most eyes focused on FOMC tomorrow
Today’s US Dollar Trading • USD fails to hold overnight gains, Swissy makes lows late• Volumes thinner but better into the lows• Two-way action evident but stops and short-covering drive trade
USDCHF might be forming a cycle top at 1.1714 level on daily chart. Key support is at the lower border of the rising price channel. A break down below the channel support will confirm the cycle top,...
EURUSD might be forming a cycle bottom at 1.2764 on daily chart. Key resistance is located at 1.3385, a break above this level will confirm the cycle bottom, and the following rebound could be seen to 1.3950-1.4000...
The Dollar has strengthened in early trading as last week’s worries of fundamental weakness in the European and British economies continue. Will the Dollar further appreciate as the appetite for riskier currencies dwindles?
The task of the Average True Range (ATR) indicator is to gauge volatility over a certain period of time. Keltner Channels and Starc Bands are examples of other systems for trading in which ATR is also used.
USDCAD pulled back from 1.2765 and formed a cycle top on daily chart. Further fall could be seen to 1.1900 zone in next several days. Initial resistance is at 1.2765, only rise above this level will signal...
