Seeing as EURCHF now sits at its lowest levels of all time, will the Swiss National Bank be intervening soon? In their last monetary policy statement, they pulled back their intervention language, but did not rule it out. They...
Read MoreThey really don’t. All those moving averages, stochastics, standard deviations, or whatever else you may be using don’t tell you anything about the future. Each and every one of these indicators has one thing in...
Read MoreTrade: Long EURUSD @ market (now 1.3562) Stop Loss: 1.3430 Take Profit 1: 1.3660 Take Profit 2: 1.3760 Commentary: Day Trade Strategy. This is a slightly longer term trade than normal, be sure to use good risk management and...
Read MoreGo ahead and open up your EURUSD chart and take a look. EURUSD has been constantly ignoring 1.3500. Look back to the beginning of February and you will notice that the bottom of the range is 1.3440 with the top at 1.3840. So...
Read MoreIndia raising rates has pulled US stocks down based on risk aversion to the sentiment that growth will be impeded. As expected based on their normal correlations, this has strengthened the USD and JPY against the other major...
Read MoreThere is little doubt that from a fundamental perspective the Australian dollar is much stronger than its New Zealand counterpart. For the last two weeks however AUD has been losing ground to NZD, but AUDNZD has begun to bounce...
Read MoreHave you ever wondered why it is so difficult for most people to be profitable in the Forex market? Surely it must be as easy to make money as it is to lose it, if you can be consistently wrong then all you have to do is the...
Read MoreYesterday the Bank of Japan left rates unchanged at 0.1 percent as expected. A split vote is bringing some uncertainty into future decisions however. The government has prodded the BOJ for weeks to ease policy, a tactic analysts...
Read MoreAUDUSD broke through resistance at 0.9200 today, which had held up to two tests over the last week. This break has been fueled by a weakening US dollar more than a strengthening Australian dollar. The FOMC statement was mildly...
Read MoreThe euro is definitely deserving of its nickname of the anti-dollar. The market never seems to favor both at the same time. So the question you must ask yourself as well is: Is time to sell the dollar? To do this I will look at...
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