I have heard of some stop-losses building below .7875 in the AUD/USD but with Australia closed for a public holiday, these will probably be safe until Europe step in. An interim top now looks to be in place at .8250 and the first big technical support level is a 38.2% pullback at .7750.
Public holiday in Australia should ensure quiet session for AUD
Source: www.forexlive.com
Read more...
FOREX-Dollar down as Bernanke remarks weigh; c.banks eyed
By Jamie McGeever LONDON, June 4 (Reuters) - The dollar weakened on Thursday as remarks by Federal Reserve Chairman Ben Bernanke on fiscal deficits the ... See all stories on this...
USD/JPY Hits 3-Month Low amid Poor US News
Source: ForexYard The USD/JPY hit a fresh 3-month low today, as worse than expected news out of the US continued to weigh down on the pair....
Yemen Oil Production: The Arab Spring’s Quiet Revolution
As tension boils in the Middle East, oil prices are surging once again… Over the past four weeks, crude oil has risen to $107 a barrel over...
Graphical analysis of trading system's simulated track record. Step Two algorithm, USD/JPY.
This USD/JPY back-testing analysis continues the series which began with EUR/USD. Simulated track records of six best Step Two algorithmic traders are studied graphically. For a more numbers-oriented approach to performance, see the article explaining the trading system optimization process which...
Nikkei 225 real-time chart
Triple screen view of Nikkei. {iframe name="DC" width="500" height="300" border="0" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"}...