Category: Forex
Forex Market Review – USDJPY hits 7-month high; GBP falls after BOE minutes
The euro was broadly flat as the euphoria from Greece’s bailout deal continued to fade [...]
Forex News – Euro zone business activity slowing down
Euro zone flash manufacturing purchasing manager’s index (PMI) was released today, indicating that business activity [...]
Forex News – Sterling drops after BOE policy meeting minutes
Sterling fell sharply against the dollar and the euro after the Bank of England released [...]
Elliott wave and technical analysis on EUR/USD; AUD/USD; DJI; Shanghai Comp. and Crude oil
EUR/USD – We saw the test closer to resistance at 133.00 and “only” needs a break below 131.80 to confirm, that wave 2 is done and wave 3 down has begun. As long as support at 131.80 holds risk is a break above 133.21, which will tell us that wave 2 is…
Forex News – China manufacturing slowing down
China’s manufacturing sector is still in the contraction phase, as shown by preliminary numbers by [...]
Forex Asia Review – USDJPY hits six-month high above 80.00 yen
Euro and most risk currencies made little progress in Asian trading, as investors proceed with [...]
Forex Review – Euro holds above $1.32
The euro held above the $1.32 level throughout the US trading session, making up for [...]
EURUSD Daily Forecast: February 22
EURUSD Forecast
The EURUSD attempted to push higher yesterday after agreement on second EU/IMF bailout package for Greek reached, topped at 1.3292 but the bullish run was short lived, slipped back below 1.3200 and closed at 1.3247 in a volatile market….
Daily Forecast for Crosses: February 22
EURJPY Forecast
The EURJPY continued its bullish bias yesterday, topped at 105.99 and closed at 105.78. The bias is bullish in nearest term still testing 106.50. Immediate support is seen around 105.00. A clear break below that area could lead price to…
GBPUSD Daily Forecast: February 22
GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday, bottomed at 1.5771 and hit 1.5762 earlier today. The bias is bearish in nearest term testing 1.5700 but as long as stays above 1.5650 the bullish scenario since the break above the trend li…
