Forex Preview for September 22nd 2014

As Scotland voted “No” to independence to stay with the UK, the Sterling had already priced in the vote and in fact gave up its gains on profit taking.

Would You Trade Volatile Instruments?

Today, Thursday 18th September, will be a very interesting day for trading. There will be many news releases from different countries which will provide market direction.

The Ascending Triangle

Triangles are chart patterns that develop during periods of consolidation. The Ascending Triangle is considered to be a bullish continuation pattern.

Forex & Enormous Volatility

The Forex market might become volatile due to some important events, including Bank of England Monetary Policy Meeting Minutes, FOMC Rate Decision and Testimony from Janet Yellen, Swiss National Bank Rate Decision, ECB TLTRO operation, and the referendum in Scotland.

Daily Forex Preview for September 15th 2014

The markets closed the week on a mixed note with the Canadian and Australian dollar doing a turnaround, weakening on falling Crude Oil prices and unimpressive unemployment data from Australia.

Daily Forex Preview

China’s soft inflation coming in at 2%, below estimates has been a concern in the global markets, influencing risk and commodity currencies such as the AUD, NZD and the CAD.

Pound rebounds from Key support 1.6050!

We spot some bullish action after Inflation Report Hearings and from technical perspective there is an opportunity for short-term trend reversal and appreciation of the British currency.

A Six-Year High for USD vs. JPY

As expected the Japanese yen is weak against the USD, and continuing to be so as long as it stays above 105.65. In the past that figure was seen as support but has now shifted to resistance.

GBP/USD at attractive levels

GBP/USD currency cross is trading close to important levels of horizontal support and the price is oversold on a daily basis. Soon we expect a bullish correction and opportunity on the horizon.

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