Trading GBP/USD for the US GDP Release (July 31, 2013)
GBP/USD retreated from its recent highs during yesterday’s trading, and this may have been a result of profit-taking ahead of today’s major US events.
Month: July 2013
USD/JPY Forecast July 31, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Tuesday, essentially accomplishing nothing. The Federal Reserve and its announcement later today at 2:30 New York time will be important to the future this pair, as...
USD/CAD Forecast July 31, 2013, Technical Analysis
The USD/CAD pair had a positive showing during the Tuesday hours, breaking above the 1.03 level towards the end of the day. This looks like the market that’s trying to bounce, but quite frankly we think that...
GBP/USD Forecast July 31, 2013, Technical Analysis
The GBP/USD pair fell hard during the session on Tuesday, slicing through the 1.5250 level. This was an area that we had suspected would be rather supportive, and although we are below that area, there is still...
EUR/USD Forecast July 31, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Tuesday, forming what is essentially a flat session. This doesn’t surprise as though, the Federal Reserve has a statement coming out later today, so to think...
AUD/USD Forecast July 31, 2013, Technical Analysis
The AUD/USD pair fell hard during the session on Tuesday, trying to break down to the 0.90 handle again. That level has been very supportive though, and to break down below there is probably going to take...
AUD/USD Approaching Range Support (July 30, 2013)
The range on AUD/USD is still holding for now, as the pair found resistance at the .9300 major psychological level earlier this week. The pair is now on its way to support around the .9050 minor...
USD/JPY Forecast July 30, 2013, Technical Analysis
The USD/JPY pair did almost nothing during the session on Monday and as a result we feel that this market is essentially trying to find support somewhere around the 98 handle yet again.
USD/CAD Forecast July 30, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Monday, essentially going nowhere in the end. We find ourselves down near the 1.0250 handle, and as a result it looks like we are starting to...
GBP/USD Forecast July 30, 2013, Technical Analysis
GBP/USD fell during the session on Monday, but still looks very buoyant. We think that the market will of course attract buyers as long as we can stay above the 1.5250 level, and as a result we...