USDJPY Forecast June 13, 2014, Technical Analysis
The USDJPY why pair fell during the course of the session on Thursday, after initially trying to rally.
ETF
AUDUSD Simple Range Play (June 12, 2014)
AUDUSD is finding resistance at the top of its range, visible on the 4-hour forex time frame.
Gold recovers, but the rally looks weak
On the daily gold chart we are at an interesting phase of price action. The weakness in the price of gold has been clearly evidenced since mid March, with each rally higher petering out. This was then followed by an extended phase of price congestion which saw the precious metal oscillate between $1315 per ounce to the upside and $1280 to the downside.
EURUSD Forecast June 11, 2014, Technical Analysis
The EURUSD pair fell during the course of the session on Tuesday, but still above the 1.35 handle.
Time to dust off the worry beads! – VIX
Whilst everyone’s attention on Friday was focused on the monthly circus which is the NFP, the VIX on the other hand slipped quietly and almost unnoticed below the 11.00 price point on the daily chart, to close the week at 10.73, its lowest level for many years.
AUDUSD Forecast June 10, 2014, Technical Analysis
The AUDUSD pair rose during the course of the session on Monday, but found enough resistance to push the market back about half of the range.
Brent Steady On Promising Global Appetite
Brent crude oil (BNO, quote) was steady above $108 as encouraging data from the world’s top two consumers helped raise the global demand outlook.
AUDUSD Forecast June 9, 2014, Technical Analysis
The AUDUSD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star.
EURUSD Forecast June 9, 2014, Technical Analysis
The EURUSD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out.
Trading the NFP Release with USDJPY (June 6, 2014)
USDJPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame.