FXStreet (Barcelona) – Karen Jones, Head of Technical Analysis at Commerzbank notes that GBP/USD pressure is on the topside and we have traded through the topside of the triangle, but we have not really broken out of the range.Key Quotes“Breaks from these triangles are meant to be dynamic, this is not so far and is […]
Thursday March 6, 2014, 12:05pm PSTMarketWatch reported that natural gas futures are up 3% on Thursday as data showed a bigger-than-expected fall in U.S. supplies. According to the publication: Natural gas for April delivery NGJ14 +3.05% rose 15 cents, or 3.3%, to $4.67 per million British thermal units on the New York Mercantile Exchange. Prices had dropped 3.1% […]
Thursday March 6, 2014, 12:05pm PSTMarketWatch reported that natural gas futures are up 3 percent today as a result of data showing a bigger-than-expected fall in US supplies. According to the publication: Natural gas for April delivery NGJ14 +3.05% rose 15 cents, or 3.3%, to $4.67 per million British thermal units on the New York Mercantile Exchange. Prices […]
Talking Points:Trading news is dangerous as wild and erratic price movements can extend against the trader Traders need to be vigilant with risk management, looking to capitalize when on the right side of the move We share three different types of strategies for trading during news The big day is here, and the Non-Farm Payrolls […]
FXStreet (Edinburgh) – The sterling is following the rest of the risk-associated assets on Thursday, lifting the GBP/USD to the area of 1.6740.GBP/USD within the weekly rangeThe sterling kept the composure after the BoE left its monetary policy unchanged in today’s meeting (refi rate at 0.5% and purchase facility at £375 billion), consolidating its recent […]
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Talking PointsUSD/JPY threatening break of key resistance Cable in consolidation mode Gold turns during cycle turn window Unfamiliar with Gann Square Root Relationships? Learn more about them here.Foreign Exchange Price & Time at a Glance:Price & Time Analysis: USD/JPY
FXStreet (Barcelona) – Quek Ser Leang, Market Strategist at UOB Group feels that it is getting increasingly likely that USD has found a short-term low.Key Quotes“However, only a clear break of 102.85 will shift the outlook to bullish.”“Otherwise, the current up-move could be part of an extended counter-trend rally. In the meanwhile, the outlook is […]