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Forex Fundamentals and News

Currency Speculators increased US Dollar bets to highest level since February last week

August 3, 2014 8:00 pm GMT+0  in Forex Analysis

By CountingPips.com The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large trader and speculators increased their bullish bets in favor of the US dollar for a second consecutive week and euro positions fell to their lowest level since 2012. Non-commercialRead the Rest…

USD/CAD Outlook – The Pair Is Near Some Resistances

July 14, 2014 9:18 am GMT+0  in Chart Alert

During the previous USD/CAD outlook update, we had indicated that the price was hitting a mid-term trend-line support and that we could expect some upward gains, including the possibilities of a near-term bottoming. The support was witnessed within a couple of days of posting that outlook. Let’s have the new chart with the current price-action.Read the Rest…

Currency Speculators increased bullish US Dollar bets for 1st time in 4 weeks

July 13, 2014 2:24 pm GMT+0  in Forex Analysis

By CountingPips.com The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators slightly added to their US dollar bullish bets last week for the first time in four weeks. Non-commercial large futures traders, including hedge funds and largeRead the Rest…

USD/CAD: 14 years Price-Action in a Nutshell – Is A Near-Term Bottom In Place?

July 9, 2014 11:44 am GMT+0  in Chart Alert

USD/CAD had dipped to 1.0620 and seems to be finding some support since then. The price-action during past 6 days has been failing to dip below 1.0600 to enter the psychological ranges of 1.0500. Let’s see what else has been going with the currency pair and what can we expect during the coming days. USD/CADRead the Rest…

FX Daily Dose – July 3, 2014

July 3, 2014 6:43 am GMT+0  in FX Daily Dose

Forex Daily Dose- July 3, 2014: The FxDailyDose presents a quick snapshot of the price-action of The currency pairs which are in focus for today. This covers the immediate outlook, considering the overall picture. Please note that the daily outlook is for mainly for the currency pairs in focus and we may add or removeRead the Rest…

EUR/USD caught between uncertainties of fundamentals and technical factors

June 30, 2014 7:52 am GMT+0  in Forex Analysis

EUR/USD had touched 1.3651 on June 25th and had found strong resistance at 55-day EMA. Let’s have a look on the technical side as well as the fundamentals to see what can we expect in the coming days. A view of technical side The currency pair tried to recover but since then the 55-day EMA hasRead the Rest…

Forex: COT Currency Speculators US Dollar bets decline for 1st time in 6 weeks

June 22, 2014 8:02 pm GMT+0  in Forex Fundamentals and News

By CountingPips.com The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators decreased their US dollar bullish bets after a run of five straight weekly increases. Non-commercial large futures traders, including hedge funds and large speculators, had anRead the Rest…

USD/JPY – Further upside is favored

June 8, 2014 1:48 am GMT+0  in Chart Alert

This USD/JPY update follows the previous post titled “USD/JPY Should See Some More Gains But Caution Needed“. The previous post had indicated gains towards 102.75 resistance. The currency pair had moved that way and touched 102.79 before retreating back and then jumping again. Let’s look into the charts to see what they indicate. We willRead the Rest…

GBP/CAD: The Canadian Dollar may weaken a bit before the Pound Sterling bows again

June 4, 2014 12:02 pm GMT+0  in Chart Alert

GBP/CAD continues the recovery from 1.8100 but the jump from that support was a natural one, considering the psychological aspects of 1.8000 ranges. The daily MACD has given a bullish signal but let’s see if the push is expected to continue or a failure to sustain is in line. The above chart is also showingRead the Rest…

USD/JPY should see some more gains but caution needed

June 3, 2014 2:10 am GMT+0  in Chart Alert

This update follows yesterday’s update where we had mentioned that USD/JPY should gain 36 to 59 pips. Well, as of now the currency pair has gained 48 pips. Some more gains are surely expected but the current price action is near some key resistance levels. Let’s look at the current charts to see what canRead the Rest…

USD/JPY – Will go up by 36 pips or 59 pips?

June 2, 2014 12:04 pm GMT+0  in Chart Alert

USD/JPY had tried to breach 101.43 support but just by 1 pip. The pair had jumped up from 101.42. purely from technical and price-action point of views, the recent moves have a bit or story to tell. And well, that story may be a base to predict the immediate future moves of USD/JPY. To startRead the Rest…

AUD/USD – Will the fundamental fury sustain?

May 29, 2014 3:35 am GMT+0  in Forex Analysis

Australian dollar jumped up very strongly in the Asian morning session. AUD/USD saw a jump of 55 pips in the matter of minutes. Similarly AUD/JPY saw sudden buying to take it up by 50 pips all of a sudden. The sudden burst of energy followed the economic release of month over month HIA new homeRead the Rest…