The March Japanese Yen is currently in a position to break through the October 2011 intervention bottom at 1.2609. Where are the next potential downside targets if this price...
Currencies
Fundamental and technical analysis of the Australian Dollar (AD), British Pound (BP), Canadian Dollar (CD), Euro (EU), Japanese Yen (JP), and Swiss Franc (SF) Futures markets.
Daily Euro Chart Reveals Confusing Price Action
The sudden shift in sentiment late in the trading session on Thursday’s has created a confusing chart pattern for March Euro traders. One scenario identifies a change in trend...
Euro Concerns Mean Greater Volatility for Traders
Friday’s sell-off in the March Euro was impressive, but the market was still able to close higher for the week, so for the time being all three time periods...
Surprise RBA Decision Boosts Australian Dollar
Overnight, the March Australian Dollar futures contract touched a high not seen since late July after the Reserve Bank of Australia surprisingly kept its benchmark interest rate at 4.25%....
Euro Driven Lower by Investor Uncertainty
The March Euro futures contract is under pressure this morning, but still holding above last week’s low at 1.3027. In fact, the market remains inside of a six day...
Canadian Dollar Under Pressure after Weak Jobs Report
Although this morning’s Canadian jobs data showed employers added fewer jobs last month than economists forecast and the unemployment rate unexpectedly increased, the Canadian Dollar’s strength is likely to...
Euro Fails Once Again at Fibonacci Resistance
The March Euro futures contract is trading lower overnight after testing Fibonacci resistance for the fifth consecutive day at 1.3204. On the downside, . . .
Breakout in Japanese Yen Should Trigger “Verbal Interventions”
The Japanese Yen has broken out of an elongated range or rectangle chart pattern. This puts the market in a position to challenge the intervention top at 1.3279. As...
British Pound Testing Key Fibonacci Level
Optimism over a possible breakthrough in the debt restructuring negotiations with Greece sent the Euro higher overnight leading to spillover strength in the March British Pound.
March Swiss Franc Falls in Sympathy With Higher-Yielding Currencies
The U.S. Dollar is trading higher against the Swiss Franc for the first time in several days as weakness in the Euro is dragging down all higher-yielding currencies. This...
Australian Dollar Reaches Key Pivot Zone
The March Australian Dollar reversed course overnight and is now in a position to test Thursday’s high at 1.0628. Yesterday the market broke slightly after trading this level, but...
“Free-Money” Weakens U.S. Dollar Overnight
Asian traders like the fact that the U.S. Federal Reserve may keep interest rates at extremely low levels until 2014. This means "free money" and increased appetite for risky...
Swiss Franc Setting Up for Reversal Top
The March Swiss Franc is trading lower overnight. Last night’s rally to 1.0755 fell short of breaking out over. . .
Australian Dollar Forming Major Triangle
Traders often ask me, “What is the daily trend in the March Australian Dollar?” Using my swing chart or main trend indicator I have to conclude ...
Australian Dollar Bounded by Key Retracement Zone
Reserve Bank of Australia policymakers saw continued expansion in the domestic economy despite the turmoil in Europe.
Fed Statement Helps Weaken Canadian Dollar
The March Canadian Dollar is getting hit hard this morning as traders continue to flock to the safety of the U.S. Dollar.
How Low can the Euro Tumble?
The December Euro is under pressure this morning triggered by a mass exodus of concerned investors. Traders are
What if ECB Stops Buying Sovereign Debt?
The December Euro surged to the upside as expected when the European Central Bank announced it was cutting its benchmark interest rate by 25 basis points to 1.00, but...
