The USD/JPY is bouncing between our 1st and 2nd tier uptrend lines as investors digest the latest wave of U.S. econ data. Today’s U.S. data printed negatively mixed once again, with TIC Long-Term Purchases proving to be the only winner. Meanwhile, investors shouldn’t forget that Japan’s Prelim GDP topped expectations by 5 basis points to [...]
Posted in FX News | Tagged 1st, 2nd, and, around, fluctuates, lines, our, tier, uptrend, usdjpy
The USD/JPY?s mini-rally is cooling after interacting with our 1st tier downtrend line. The USD/JPY experienced further strength. Read More USD JPY Struggles with our 1st Tier Downtrend Line
Posted in FX News | Tagged 1st, downtrend, line, our, struggles, tier, usdjpy, with
The Cable added onto recent strength by propelling off of our 1st tier uptrend line after Britain?s Services PMI printed ahead of analyst expectations. Read More GBP USD Finds Support in our 3rd Tier Uptrend Line Once Again
Posted in FX News | Tagged 3rd, again, finds, gbpusd, in, line, once, our, support, tier, uptrend
The Cable has finally found bottom on our 2nd tier uptrend line, logging encouraging movements to the topside as the EUR/GBP pulls back. Despite mixed economic data, investors are choosing to run with the better than expected GDP data from both Britain and the U.S. As we anticipated, the flush of British data is appeasing [...]
Posted in FX News | Tagged 2nd, and, bottom, gbpusd, on, our, surges, tier, touches
The EUR/USD has popped above our key 4th tier downtrend line after the combination of better than expected U.S. and British GDP data with an encouraging EU Services Confidence number has motivated bulls to re-enter the risk pool. The S&P futures are knocking at the door of their previous 2009 highs while the 30 Year [...]
Posted in FX News | Tagged 4th, above, climbs, downtrend, eurusd, line, our, tier
The USD/JPY is logging huge gains to the upside as the broad-based appreciation of the Dollar continues in a big way. The USD/JPY has finally woken from its hibernation after building strength along our 1st tier uptrend line. There?s no news on the wire from Japan, indicating today?s movement is a continuation of the pattern [...]
Posted in FX News | Tagged 3rd, blows, downtrend, in, key, line, movement, our, past, tier, usdjpy
