How the stock market moves along with the forex market.
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Stock Market and Currency Trading | GFT Forex
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USD looking sprightly this morning
USD/JPY is above 98.50 and EUR/USD is at 1.3970 as the USD looks a bit more attractive today, probably due to weekend events in Iran. The CHF is also a bit stronger on the crosses which confirms that there is some geo-political risk aversion plays taking...
Minor technical support at 133.30 in EUR/JPY
The fall in USD/JPY (96.70 at time of writing) shows no sign of letting up and EUR/JPY has fallen to 133.30, which was a series of previous highs which should now offer some minor support. Below here, and we look set for a big fall to the major trendline at...
Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold
This is my second post with some interesting chart patterns that were spotted during the past week and that can still be played out by the traders. EUR/CAD, CHF/JPY and Gold charts are presented. To me, those patters look extremely profitable and constitute great...
Japanese data disappoints
Manufacturer’s forecast orders will fall by over 5% in the second quarter, against expectations of a 0.5% rise by most analysts. This suggests that the Japanese manufacturing downturn is ongoing. The corporate goods price index fell by 5.4% against expected...
To our readers in India……
And I know there are quite a few of you. You might be interested to hear, given it’s Raksha Bandhan today, I’m banging away at the keyboard this morning wearing my splendid rakhi bracelet (sacred thread of protection) sent to me by my sister who lives in Udaipur in...