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British Pound Strongest of the Day, What to Watch on Wednesday (Forex Video)

The British pound was the strongest of the day thanks to an unexpected surge in UK CPI figures. Which indicators could drive US dollar, euro price action…

US Dollar, Japanese Yen Gain Amidst Broad Consolidations – US Durable Goods Orders May Fall for 7th Straight Month

– British Pound the Strongest of the Majors as UK CPI Unexpectedly Rises to 3.2% – Euro Pulls Back From 1.3700 – German IFO Report Could Impact Trade on…

Euro Crosses: Is Weakness Just a Correction?

-EURGBP support from channel and moving average -EURCHF support at 1.51 -EURNZD tests Fibonacci support

A Stalled Dollar Still Requires a Quick Range Setup for USDCHF

Like we said yesterday, the bearish wave in the dollar has been sidelined; and many of the majors are threatening at least modest retracements. USDCHF…

Commodity Currencies Starting to Show Signs of Weakness (Daily Classical)

Euro trading with heavy tone into close. Dollar/Yen gains seen extending back towards 2009 highs. Cable close above 100-Day SMA opens 1.4990 retest. Dollar/Swiss…

USD Recovers on Profit Taking and Ongoing Financial Stability Concerns (Midday Snapshot)

US Housing, Manufacturing Data Better-Than-Expected Yet Again

Following Monday’s better-than-expected NAR existing home sales report, Tuesday’s US data was surprisingly strong. First, the Federal Housing Finance Agency…

Short-Term Forex Technical Outlook: EUR/CHF

The EUR/CHF surged higher following the SNB interest rate decision earlier this month, and as Governor Roth pledges to counter the downside risks of higher…

Post of the Day: Double Tops

Student’s Question: Double Top…Yes?

Chart of the Day: EUR/JPY

With most currencies pairs trading in a range bound situation, or directionless as some would call it. The EUR/JPY may be showing a real trend change.