AUDUSD Forecast July 25, 2014, Technical Analysis
The AUDUSD pair tried to break out to the upside during the session on Thursday, but as you can see failed out the 0.9450 area, and as a result we turned back around to form a shooting star.
Currencies
GBPUSD Forecast July 25, 2014, Technical Analysis
The GBPUSD pair fell hard during the day on Thursday, slicing through the 1.70 support region. However, there’s still plenty of support all the way down to the 1.69 level, so we do not feel it’s quite ready to be sold yet. In fact, we would be more than willing to buy a supportive candle in this region as it should send the market back to the 1.72 region.
EURUSD Forecast July 24, 2014, Technical Analysis
The EURUSD pair initially tried to rally during the session on Wednesday, but as you can see turned back around and close towards the end of the day, forming a negative looking candle.
GBPUSD Forecast July 24, 2014, Technical Analysis
The GBPUSD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was in fact sold off later in the day.
AUDUSD Forecast July 24, 2014, Technical Analysis
The AUDUSD pair fell rather significantly the session before, but we did have a nice bounce and rise during the session on Wednesday.
USDJPY Forecast July 23, 2014, Technical Analysis
The USDJPY pair tried to rally during the course of the day during Tuesday, but as you can see we pullback in order to form a shooting star.
EURUSD Forecast July 23, 2014, Technical Analysis
The EURUSD pair broke down during the session on Tuesday, slicing through the 1.35 handle with ease.
GBPUSD Forecast July 23, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer.
AUDUSD Forecast July 23, 2014, Technical Analysis
The AUDUSD pair tried to rally during the session on Tuesday, and in fact did.
PBOC to Use New Tools for Liquidity Operations
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity, rather than turning to conventional tools including lowering interest rates or the reserve requirement ratio, said Zhu Haibin, chief China economist at JPMorgan Chase & Co (JPM, quote).