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Trading Video: EURUSD and GBPUSD Trade Setups May Need to Wait

Trading Video: EURUSD and GBPUSD Trade Setups May Need to Wait

Talking Points:• Expectations for a liquidity drain into the end of the week are changing market conditions• Yen crosses held their major trendlines and GBPJPY marked a strong bounce with UK jobs data• Bigger fundamental imbalances are developing for EURUSD and GBPUSD, but those setups may need to waitMarket conditions change, and our strategy should […]

Strategy Video: A Pound Outlook with GBPUSD at a 1.6800 Triple Top

Strategy Video: A Pound Outlook with GBPUSD at a 1.6800 Triple Top

Talking Points:• The pound has good reason to show strength against the dollar and yen given its rate forecast• A slightly weaker CPI report this week was more than offset by the strong jobs report• Bullish breakouts aren’t difficult for GBPUSD and GBPJPY but follow through certainly would beExpect breakouts? Use the DailyFX Breakout 2 […]

How Wal-Mart Makes its Money

How Wal-Mart Makes its Money

While convention dictates that it’s impossible to write about Wal-Mart Stores, Inc. (NYSE:WMT) without saying at least something critical or speculative about the company’s influence on social issues, the Bentonville, Ark., juggernaut remains the ultimate mom-and-pop success story. Wal-Mart was founded by a 44-year-old merchant who looked at the business model shared by the foremost retailers […]

German Based RWE Begins Gas Deliveries to Ukraine

Wednesday April 16, 2014, 9:28am PDTDeutsche Welle reported that Germany’s Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas. As quoted in the market news: […]

Brent Crude Gains Tempered by Libyan Port Openings

Wednesday April 16, 2014, 9:08am PDTReuters reported today that U.S. Benchmark Brent crude oil prices increased to their highest on almost six weeks on expanding sanctions against Russia over issues in Ukraine. However, the price rise was halted with news of the first oil tanker being reloaded on Tuesday at Libya’s Hariga port after a […]

NZD/USD Breaks Below 0.8600 As Dark Cloud Cover Weighs On Prices

NZD/USD Breaks Below 0.8600 As Dark Cloud Cover Weighs On Prices

Talking PointsNZD/USD Technical Strategy: Shorts Preferred Dark Cloud Coveron the daily warning of continued declines Push below 0.8600 to open up next support level at 0.8500 The Dark Cloud Cover formation noted in recent candlesticks reports has resulted in extended weakness for NZD/USD. This follows on from a failure to crack the critical 0.8740 mark […]

USD/JPY Morning Star Pattern Supports Continued Recovery

USD/JPY Morning Star Pattern Supports Continued Recovery

Talking PointsUSD/JPY Technical Strategy: Longs Preferred Morning Star suggests potential for a recovery Doji indicates bulls are holding back near 102.00 USD/JPY’s recovery may be set to continue based on a Morning Star formation on the daily which has received confirmation from a successive up day. A daily close above 102.00 would favor longs with […]

GBP/USD pressuring year highs – FXStreet

GBP/USD pressuring year highs – FXStreet

FXStreet (Edinburgh) – In the opinion of Currency Analyst Valeria Bednarik at FXStreet, today’s UK data reinforces expectations for a sooner-than-anticipated rate hike by the BoE.Key Quotes“Despite the Central Bank has largely expressed that the threshold of 7.0% is not a reason to raise rates, the market continues to price in a sooner than expected […]

EUR/USD Recovery On The Cards Following Doji Candlestick Near 1.3800

EUR/USD Recovery On The Cards Following Doji Candlestick Near 1.3800

Talking PointsEUR/USD Technical Strategy: Sidelines Preferred Emergenceof another Doji on the daily suggests a potential recovery Harami in intraday trade reinforces potential for a bounce EUR/USD is recovering some lost ground in early European trading, which follows on from a Doji candlestick near key support at 1.3800. The signal suggests some hesitation amongst the bears, […]

USD/JPY is fueled by Nikkei, rests around 102.20

USD/JPY is fueled by Nikkei, rests around 102.20

FXStreet (Moscow) – USD/JPY has finally nested above 102.00 resistance reaching weekly high at 102.29, and trading not far from it by the moment.When two Thursdays come togetherUSD/JPY got its fuel from the better performing Nikkei during the Asian trades. Sellers’ interest ahead of 102 was finally cleared away, and the pair rushed up to […]