Friday Could be Volatile
Thursday was important to currency traders on the account of central banks. Both the ECB...d the BOE had their regular policy meetings, always potential market...
Author : fxmadness.com
AUD-NZD on Watch for Rebound.
Another currency pair showing a long and impressive trend is the AUD-NZD. The commodity currencies are not moving in accord, and Aussie has been falling...
More GBP-JPY Charts
In the last post I discussed longer-term charts of the GBP-JPY. Both of them, weekly and daily, show a strong uptrend with no real signs...
The Rally Continues, but is it Overextended?
The Japanese Yen just keeps on getting weaker, extending bullish runs in its crosses. Interestingly, this time around the technical picture is not almost identical...
Back, at last…
For those of you wondering what happened to this blog in the past several weeks, here is the explanation. Servers where these pages were hosted...
3 Mistakes to Avoid when Plotting Fibonacci Tools on Currency Charts.
Successful Forex trading using technical analysis hinges a lot on correct application of technical indicators, and the Fibonacci tools are not an exception. It is...
Small Rebounds But No Reversals Yet
Compared to previous week, action on Monday was relatively quiet. Without unexpected, market-moving news, volatility in currencies declined considerably. Most of the majors rebounded versus...
Growing Importance of Commodity Dollars.
Last week, the International Monetary Fund released its quarterly COFER report. It stands for “Composition of Official Foreign Exchange Reserves” and covers allocation of central...
Predicting QE Tapering is a Questionable Endeavor.
Currencies remained volatile in the past several days, with some of the action attributed to “expected” steps by the FED. The central bank will hold...
AUD-USD Stays above 0.95
The big event in early Tuesday trading was the policy meeting of the Reserve Bank of Australia. There were no high expectations, most analysts predicted...