Sunday, January 22nd, 2012: AUD/USD moved up and broke over the resistance of 1.0381/1.0386 (Dec 8th and January 3rd resistance zone). The currency...
AUD/USD Outlook – Jan 22, 2012
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FOREX VIDEO | NEW YORK SESSION REVIEW | July 14, 2009
Lower than normal volatility and a general lack of direction in currency markets meant only snack-size profits during today’s New York session. A routine go-long-at-the-hourly-21 trade yielded a 40 pip profit before the London close. Curt Wehrley FX Bootcamp’s Quantitative...
French industry output data much worse than expected
French April industry output fell a hefty -1.4% m/m, much worse than expected, versus median forecast of -0.2%. Data has dented risk appetite a little, with EUR/USD falling back below 1.4100 to 1.4085 at writing. Cable is back below 1.6400 at...
All Eyes on The US Non-Farm Payrolls Release Tomorrow
The Dollar gained considerably ground in yesterday’s trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a number of factors, such as the U.S. Unemployment Claims...
Nikkei reports Japan to remove “worsening” from economic assessment
According to the Nikkei Website, Japan will remove worsening from its monthly economic report. Recent behavior of Japanese investors would imply as much as they feel comfortable assuming more risk overseas. USD/JPY trades at 95.70 while EUR/JPY trades at 136.75, down from 137.43...
Nike Sues Reebok Over Tim Tebow Jerseys
Popular quarterback Tim Tebow, who was just traded to the New York Jets, is already indirectly involved in a lawsuit before the season...