Forex & Financial Afternoon Market Update & Technicals

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Forex & Financial Afternoon Market Update & Technicals by Adam Hewison Try MarketClub for 30 Days for just $8.95 – Click Here!


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  • FOREX VIDEO | NEW YORK SESSION REVIEW | June 2, 2009

    The beleaguered US dollar could find little relief during today’s London and New York sessions. London traders who took the EUR/USD bounce from daily 5 ema, then closed the trade at the M4 pivot point, had already earned a 170 pip profit as the New York session got going. Although the...

  • Cable ticks higher again

    Cable has ticked back up to 1.6325 at writing. Resistances now at 1.6330 and 1.6350/60. I gotta think this rally is more about general profit taking in the EUR/GBP cross than anyone getting excited about the Q-2 GDP revision. The EUR/GBP cross is down at .8790 from an early .8825. Good call Sean....

  • USDJPY remains in uptrend from 88.98

    USDJPY remains in uptrend from 88.98. The fall from 92.88 is more likely correction of uptrend. As long as 90.53 key support holds, another...

  • 10-year note auction so-so

    At a price, you can sell anything. The US Treasury had to pay 3.99% to sell $19 mln of 10-year notes. So far the dollar is holding up, perhaps supported by the higher yields. EUR/USD has fallen in to the 1.3960s after the auction. Update: Stocks have headed lower on the higher yield backdrop,...

  • AUDUSD has formed a cycle bottom at 0.9622

    AUDUSD has formed a cycle bottom at 0.9622 on 4-hour chart. Further rise to test the resistance of the downtrend line is possible, as long as...