by Johan Kriek (jkriek@fxinstructor.com) The US dollar was sold off vs. the majors this week. The Japanese Yen benefited hugely. Will this trend continue next week? I don’t know. The only thing I do know is that...
USD/JPY Open 90.65 High 91.27 Low 89.31 Close 90.54 On Thursday Dollar/Yen made a significant ascending movement. On the 3 hour chart the downward channel was broken upwards and quotes now move above 90.60. Our preferable scenario...
GBP/USD Open 1.6285 High 1.6400 Low 1.5993 Close 1.6267 Yesterday Pound/Dollar made a significant upward movement. The cable climbed from 1.5993 with nearly 300 pips, closing the day at 1.6267. This morning ascending continued to the key...
The movement in the forex market today is set to be driven by the release of crucial U.S. data. Amongst the most important of these publications are the TIC Long-Term Purchases, Industrial Production and Prelim UoM Consumer...
EUR/USD Open 1.4940 High 1.4966 Low 1.4855 Close 1.4944 On Thursday Euro/Dollar made a deep correctional movement, reaching a bottom at 1.4855, and closing the day at 1.4944. The 1.4966 level is a key resistance zone, the...
GBP/USD Open 1.5995 High 1.6134 Low 1.5902 Close 1.5981 Pound/Dollar could not continue the downward scenario yesterday and followed the Euro upwards. On the 3 hour chart after failing to hold under 1.5753, quotes rose sharply, taking...
The U.S. Unemployment Claims and U.S. Core CPI data are set to drive forex trading today when they are released at 12:30 GMT. If strong economic data continues to be published from the U.S, U.K and Europe...
by Johan Kriek (jkriek@fxinstructor.com) We could see a volatile trading day today due to the following announcements: 8:00AM GMT – ECB Monthly bulletin, 9:00AM GMT – EUROZONE CPI (huge inflation figure) 12:30AM GMT – US CPI (another...
EUR/USD Open 1.4927 High 1.4960 Low 1.4840 Close 1.4926 On Wednesday Euro/Dollar made an increasing movement, reaching a peak at 1.4945 on the DJIA going above 10,000, and closed the day at 1.4926. Although short term signals...
Traders in the U.S await tomorrow's publication of the Department of Labor's monthly CPI measurement (Oct 15). The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy....
