The quarterly Tankan Manufacturing Index release is one of the most important Japanese indicators, and it always rocks USD/JPY. Here is what is expected, and 5 possible outcomes for dollar/yen, that can break out of the tight range. Published on Thursday, June 30th, at 23:50 GMT. Indicator Background The Bank of Japan publishes this report early … “USD/JPY: Trading the Tankan Manufacturing Index”
Category: Opinions
GBP/USD Reverses Gains, EUR/GBP Bullish
GBPUSD: Reverses Gains, Set For 1.5911 Level GBPUSD: The pair has failed to follow through higher on the back of its Wednesday gains and tumbled lower wiping out those gains early trading today. With GBP dominated by its bearishness triggered from the 1.6745 level, its 2011 high, a return to the 1.5911 level, its Jun … “GBP/USD Reverses Gains, EUR/GBP Bullish”
EUR/USD Remains Trapped In Range, For Now!
Despite some strong moves and quite high volume in recent weeks, Eur/Usd remains trapped in range between 1.4938 May highs and 1.3967 May lows. As such, direction of a trend on this pair remains unconfirmed, which however should unfold to the downside if we consider weakness on other markets, especially commodities which supports the US … “EUR/USD Remains Trapped In Range, For Now!”
Australian Dollar: Strength is coming back
After a long time, market is finally showing some clarity here. The risk trade is on, but to be completely confirmed, we want to see a daily close above 1298 resistance region on the S&P500. This would then confirm a new stage for a coming strength on stocks, which will also support some major currencies … “Australian Dollar: Strength is coming back”
EUR/USD: Trading the US Pending Home Sales Release
US Pending Home Sales always rock the markets, especially when the change is large, like last time. The upcoming release provides a trading opportunity. Here are the details, and 5 possible outcomes for EUR/USD. Published on Wednesday, June 29th, at 14:00 GMT. Indicator Background The process of home transactions is long. It takes time between … “EUR/USD: Trading the US Pending Home Sales Release”
Canadian Dollar Consolidating, EUR/GBP Reverses Gains
USDCAD: Consolidating With Upside Bias USDCAD: Price hesitation may have set in ahead of its long term falling trend line but USDCAD continues to maintain its overall short term upside.An attempt on the mentioned trendline is likely on ending its present hesitation. A convincing violation of that level will call for further strength towards the … “Canadian Dollar Consolidating, EUR/GBP Reverses Gains”
US Dollar Index Recovering, USD/CHF Threatening to Resume Downtrend
Dollar Index: Recovery Sets Up For 76.36 Level. US Dollar Index: With a third week of recovery strength seen the past week, further bull pressure is likely to continue in the new week. The Index’s present offensive is coming on the back of a halt in its long term declines at the 72.62 level in … “US Dollar Index Recovering, USD/CHF Threatening to Resume Downtrend”
EUR/JPY Bearish, GBP/JPY Pressured Downwards
EURJPY: Bearish Momentum Remains Intact. EURJPY- The risk continues to point lower as EURJPY remains under pressure following its failure at the 117.77 level. A return below its Jun 16’2011 low at 113.42 is building up as a follow through lower on its Thursday losses is now seen. Guest post by www.fxtechstrategy.com On a decisive violation … “EUR/JPY Bearish, GBP/JPY Pressured Downwards”
US throws down the gauntlet to OPEC
On a day when Europe was again convulsing with the question of how to respond to the sovereign debt crisis, it was the decision of the International Energy Agency (IEA) to release 60m barrels of oil which really captured the attention of investors and traders. Brent crude, which yesterday morning was trading up at $114 … “US throws down the gauntlet to OPEC”
EUR/CAD Going Lower
Euro reversing from its highs, as stocks found some sellers during the FOMC Press Conference. US dollar was mostly stronger, but Canadian dollar was acting quite well during this time. As such, we looked at some crosses, and Eur/Cad should be really interesting. We are expecting a rise of Canadian dollar against the Euro even … “EUR/CAD Going Lower”