USD/JPY for a Position Play
Good morning! For my trade idea this week, I like a technical setup on the USD/JPY daily that may be supported by another potential monetary policy event from the Bank of Japan. Is it time to sell Japanese Yen again?
US Existing Homes Sales Advance, EUR/USD Sinks
EUR/USD was trading sideways till 11:30 GMT and than sharply fell. The decline continues as of now.
USD/JPY – Buy the Rumor, Sell the News?
USD/JPY pushed above the 79.40 resistance and is now approaching the 80.00 handle in the 5/22 US trading session. The 80-80.20 area contain a declining trendline, and the 23.6% retracement level of the 84.16-78.97 swing. The market is rallying ah
Pound Declines Ahead Of UK April Inflation Report
Annual inflation is expected to ease to 3.1 percent in April from 3.5 percent in March. Retail price inflation is seen at 3.4 percent, down from 3.6 percent in the prior month while public sector net borrowing is seen at -GBP 22.8 billion in April ...
NZD/USD Testing Inverted Head and Shoulder Pattern
Like many USD-crosses, the NZD/USD rallied against its recent free-fall during end-of-April through May so far. As it attacks the 0.75 level, the NZD/USD formed an inverted head and shoulder to start 5/21 trading week as seen in the 1H chart. The
GBP/USD Breaks Below Narrow Consolidation Range
During the 5/21 session, the market consolidated as EUR/USD, AUD/USD, NZD/USD and other USD-crosses displayed USD-weakness for 1 session. GBP/USD however held to a narrow range seen in the 1H chart staying below 1.5850 and the 100-hour simple mov
AUD/USD Forecast May 22, 2012, Technical Analysis
The AUD/USD pair shot straight up for the session on Monday as the bounce that many had waited for. The pair seems to be finding a lot of support 0.98 levels, and as a result we think this pair could continue higher. A break of the highs on the M
USD/CAD Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendations:The USD/CAD is trading at 1.2016 almost at the close of Friday; taking clues from the global Fx markets the pair saw little movement. The day lacked any financial data, news or eco data to move the markets and the p
Euro/USD Traded Up on Monday –Daily Recap May 21
The Euro/USD continued its slow paced recovery and rose for the second consecutive business day. The recent talks during the weekend in the G8 meeting over the European debt crisis including the future of Greece in the EU may have been among the
NZD/USD Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)The NZD/USD continued its decent against the strong USD today, trading at 0.7597. A report just released should help support the kiwi in upcoming sessions.
Dun & Bradsheet named Aus
AUD/USD Fundamental Analysis May 22, 2012 Forecast
Analysis and Recommendation: (close of Asian session)The AUD/USD picked up some strength in the early part of the day but then began to fall again, closing midway between open and close against the strong USD. The pair ended today’s session a
USD/JPY Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendation: (close of Asian session)The USD/JPY is ending the Asian session at 79.21 as the yen weakened as the intervention from the BoJ in the form of additional monetary stimulus became more probable. The BoJ has stated it


