USD/JPY – Zig Zag Correction Cracks Rising Trendline
The USD/JPY continues to be in correction mode after the rally from 76.00 that stalled near 84.15. The previous article noted the a-b-c structure of the correction, but it was not over. This is a classic case where the initial abc correction is j
Daily Forex Fundamentals - March 22, 2012
Concerns about slowing growth in China, talks of more QE for the U.K., rising European bond yields... Yup! I've covered all the market-moving events in yesterday's trading. So read up on my forex fundamentals report!
CFTC's Segregation Rules: What's That All About?
Late last year, MF Global filed for bankruptcy and led industry watchdogs to tighten their rules to protect clients' funds. What's this all about and how will this affect the forex industry?
AUD/USD Forecast March 22, 2012, Technical Analysis
The AUD/USD pair fell most of the session on Wednesday to test the area of the 1.04 handle. This area is considered to be very supportive, and as such we fell that a buying opportunity may be presenting itself.The 1.04 level is the area that
EUR/CHF Forecast March 22, 2012, Technical Analysis
The EUR/CHF pair fell on Wednesday as the Euro sold off in general. The pair is being held aloft by the Swiss National Bank at the 1.20 level though, so it is difficult if not impossible to sell at this level. In fact, we are willing to go agains
BNPP Recommends A Short EUR/AUD Position
(Dow Jones via eFXnews) BNP Paribas says the selloff in the AUD has been overdone in recent days as worries about a Chinese hard landing intensified.BNPP recommends a short EUR/AUD position with a target of...
EUR/USD Forecast March 22, 2012, Technical Analysis
The EUR/USD pair fell after bouncing around during the Wednesday session. The pair is currently trading just under the 1.3250 resistance area, and it makes sense that it would struggle as a result. The Spanish and Portuguese bond markets saw a bi
GBP/USD Forecast March 22, 2012, Technical Analysis
The GBP/USD pair had a fairly volatile day as the Wednesday session produced a long-legged doji candle. The pair is currently trading in a massive resistance area above the 1.58 mark, and because of this we expect this pair to have trouble with t
NZD/USD Forecast March 22, 2012, Technical Analysis
The NZD/USD pair fell somewhat during the session on Wednesday as the commodity trade was hit a bit. The pair did manage a bounce though, so the close wasn’t nearly as bearish as it could have been. The 38.2% Fibonacci level below still looks sup
USD/CHF Forecast March 22, 2012, Technical Analysis
The USD/CHF pair rose slightly during the Wednesday session as the Dollar got a bit of a boost against many currencies for the session. The 0.91 support level has been shown to be strong again, and as such we feel that this pair should travel hig
Gold Forecast March 22, 2012, Technical Analysis
The gold markets had a very quiet session on Wednesday as the market continues to hover above the $1,640 support level. The market has fallen quite far, and those of us that believe in the long term strength of this market are glad to see this re
Natural Gas Forecast March 22, 2012, Technical Analysis
The natural gas markets had a slightly bullish and supportive day as the $2.40 level has held. It should be noted that we moved forward to the May contract at this point, and as such the levels are going to be slightly different.The $2.60 lev


