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Historical Nonfarm Payroll Data – An Insight

January 27, 2014 in Historical and Research

Here is an insight of the historical non-farm payroll data and the inter-relationships between population growth and the strength of the U.S. dollar strength. Nonfarm payroll data (often referred by the acronym NFP) is one of the most important economic releases to come out of the United States. It shows employment conditions and job growthRead the Rest…

Short-term bearish shadows for USD/JPY

April 10, 2014 in Chart Alert

We had mentioned on March 15th that we would expect some volatile side ways moves between 100.00 and 105.00 for USD/JPY. The pair is moving that way. The recent strong fall from 104.13 suggested that the resistance of the psychological level of 105.00 is staying intact even when the pair had tried to break overRead the Rest…

NZDUSD drops after bearish price action signals

April 3, 2014 in Forex Analysis

The NZDUSD rallied straight into a weekly resistance level last week, which has contained prices on 3 consecutive tests (visible on the weekly chart). The most recent re-test of the market top, seen the daily candle produced two bearish rejection candle price action trade setups, which have now ripened into profit. Last session the bullsRead the Rest…

US Dollar To Be Driven By Labor Market

April 1, 2014 in Forex Fundamentals and News

For the most part, forex markets have had a relatively slow week but when we look at the data calendar in the closing session on Friday, there is little reason to expect that this lack of volatility will continue.  The March Non farm Payrolls number will be the final highlight of the week, and theRead the Rest…

How to Read Forex Charts

March 30, 2014 in Forex Articles

Forex traders use technical analysis as a method to gain insights on what to trade next. This method is heavily based on forex price charts as it makes use of historical price data for the prediction of future price movement and trends. However, price charts are not used only by technical analysts but they areRead the Rest…

Waiting for price action buy signal on the AUDUSD

March 27, 2014 in Forex Analysis

The Australian dollar has been the performer this week with strong bullish closes on every trading session, pushing the AUDUSD into fresh highs. We’ve been focusing a lot on the AUDUSD because it’s been dropping some nice clean price action signals. On the AUDUSD daily chart you can see the market has just fired upRead the Rest…

USDJPY: Looks For Directional Trigger

March 26, 2014 in Forex Analysis

The pair remains trapped in a range as it looks to create directional moves. This development leaves it vulnerable to the downside possibly towards the 101.27 level. Below here will expose the 100.75 level with a violation aiming at the 100.00 level and subsequently the 99.50 level. Its daily RSI is bearish and pointing lowerRead the Rest…

Waiting for price aciton sell signal on the GBPUSD

March 26, 2014 in Forex Analysis

The GBPUSD market recently broke a key level after a large bearish rejection candle formed right on support. The rejection candle was covered more in detail in our previous post: GBPUSD bears putting heavy pressure on support. Now the market has broken downwards and produced modest bearish movement from the support breakout event, we’ve startedRead the Rest…

AUDUSD bullish pin bar reversal | anticipating higher prices

March 25, 2014 in Forex Analysis

The AUDUSD daily chart price action shows the market is slowly making its way upwards, in a slow grinding upwards trend. Last session the market tried to sell off but the bulls got involved at the mean value and drove prices back higher to close the day higher than it’s open. This is a strongRead the Rest…

Capital Adequacy At The Largest US Banks Is Broadly Improved, Say Latest Stress Tests; Fitch Affirms US AAA Credit Rating

March 22, 2014 in Forex Fundamentals and News

The results of the latest stress tests on the biggest US financial institutions and banks reveal that their capital positions have improved over the past five years, and that they are “collectively better positioned to continue to lend to households and businesses and to meet their financial commitments in an extremely severe economic downturn thanRead the Rest…

USDCAD breaks out of a pennant after bullish CPI and retail data

March 22, 2014 in Forex Fundamentals and News

Figures released yesterday by Statistics Canada show that the Core Consumer Price Index for February 2014 rose 1.2% on a year-on-year basis, surpassing market forecasts of 1.1%. Though ahead of expectations, the reading was still well below the bank’s inflation target of 2%. CPI data The core CPI is defined by the bank as theRead the Rest…

Fed maintains taper momentum; cuts the cord to an unemployment threshold

March 20, 2014 in Forex Fundamentals and News

The FOMC meeting, chaired for the first time by Janet Yellen, announced the third instalment of a $10 billion cut in its monthly bond purchase program, a part of its quantitative easing agenda for bolstering the US economy. The monthly bond purchase target now stands at $55 billion, comprising bond purchases of $ 25 billionRead the Rest…

Gold drops as Ukraine appears to de-escalate

March 19, 2014 in Trading with Other Commodities

Russia’s annexation of Crimea became a fait accompli once the region voted through a referendum to secede from the Ukraine and become a part of Russia. Putin, pleased with the result, expansively assured Russian Parliament that he has no intentions of taking over other Ukrainian territory, as suggested by speculative rumours. These developments have takenRead the Rest…