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.
ETF
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).
GBPUSD Forecast July 22, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Monday, but as you can see remains somewhat afloat, and more importantly supported at the 1.70 handle.
AUDUSD Forecast July 22, 2014, Technical Analysis
The AUDUSD pair fell slightly during the session on Monday, but as you can see we are well supported near the 0.9350 level.
EURUSD Forecast July 22, 2014, Technical Analysis
The EURUSD pair tried to rally during the session on Monday, but as you can see the market failed to hang onto the gains, and we turned around and form a shooting star.
USDJPY – find better trades in the Yen cross pairs
The USDJPY continues to deliver a masterclass in patience for longer term traders, with the long term consolidation phase continuing once again last week, as the pair closed with a narrow spread down candle on the weekly chart, ending the futures trading session at 101.30.
EURUSD Daily Analysis – July 21, 2014
EURUSD’s downward movement from 1.3700 extended to as low as 1.3490.
AUDUSD Daily Analysis – July 21, 2014
AUDUSD failed to break below 0.9328 support, indicating that lengthier sideways movement in a range between 1.9328 and 1.9455 is underway.
Positions Update
Happy Friday Everyday This week we saw a nice swing up in the beginning of the week and then downward on global tension in Israel and concerns over the tragedy of the downed plane in the Ukraine. Our prayers and thoughts are with those families effected by this horrible tragedy.