The USD/CAD has quietly erased its earlier losses that were generated by a surge in commodity prices on the back of strong Chinese demand. Read More USD CAD Triangle Presents Scalping Opportunity
Posted in FX News | Tagged opportunity, presents, scalping, triangle, usdcad
The EUR/CHF price action has quieted as concerns over the crisis in Europe have waned which could continue with Ireland’s passing of a new budget. Read More EUR CHF Triangle Presents Scalping Opportunity
Posted in FX News | Tagged eurchf, opportunity, presents, scalping, triangle
A dismal U.S. existing home sales report sparked across the board anti-dollar sentiment increasing broader volatility. The greenback had been the beneficiary of overnight risk aversion which had put pressure on the high yielding NZD/USD. However, compared to other dollar crosses the price action has been subdued leaving the pair within its recent range. The [...]
Posted in FX News | Tagged generating, is, nzdusds, of, opportunity, scalping, support, test
After a week of major event risk for Canada we could see USD/CAD price action quiet if broader trends cooperate. The Bank of Canada raised rates by 25 bps but painted a gloomier outlook negating the potential impact of the change in policy. Read More Triangle Formation Makes USD CAD Scalping Target
Posted in FX News | Tagged formation, makes, scalping, target, triangle, usdcad
The AUD/JPY has traded in a tight pattern over the past two days as risk appetite has faded leaving the pair directionless. An apparent bear market rally has started to fizzle out but fundamental reports pointing toward sustained domestic and global growth have ease concerns over the impact of declining government spending. Read More AUDJPYs [...]
Posted in FX News | Tagged as, audjpys, become, converge, levels, may, scalping, target, Technical
The number of unemployed in the U.K. fell by 32,900 in March, lowering the unemployment rate to 4.8% from 4.9%. The positive fundamental data helped generate sterling support which has wilted in the face of broader risk aversion. Additionally, the minutes from the BoE last policy meeting showed that members were unanimous in leaving rates [...]
Posted in FX News | Tagged a, an, gbpusd, ideal, line, makes, rising, scalping, target, trend
The GBP/JPY has started to consolidate following a month long rally which saw the pair appreciate over 1200 pips. The lack of news from the U.K. and indifferent risks sentiment has helped quiet volatility for the pair. The BoE will refrain from commenting on monetary policy until after the May 6th political election which could [...]
Posted in FX News | Tagged a, developing, gbpjpy, makes, scalping, target, wedge
The New Zealand Dollar has been stuck in a 300 pip range over the past two months as risk sentiment has ebbed and flowed. The Greek credit saga has impacted broader trends while strong domestic growth has fueled interest rate expectations, offsetting concerns that tightening from emerging markets will slow global growth.”Kiwi” bulls have attempted [...]
Posted in FX News | Tagged nzdusds, of, opportunity, presents, scalping, support, test
The Euro has been under pressure since the prospect of a bailout for Greece by E.U. members dimmed with Germany –the region’s largest economy-showing the most resistance. The IMF reiterated its willingness to help the struggling nation, but it is a solution that would cast doubt on the solidarity of the region and the single [...]
Posted in FX News | Tagged eurusds, major, of, offers, opportunity, resistance, scalping, test
The AUD/USD has traded in a 300 pip range over the past few weeks as risk trends continue to ebb and flow. The credit troubles in Greece continue to be a source of volatility but concerns haven’t reached the level where a broad based flight to safety has been generated. The pair has been prone [...]
Posted in FX News | Tagged a, audusd, developing, makes, scalping, target, wedge
