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USD/JPY: Trading the US Pending Home Sales 27 Aug 2013 | 05:05 pm
US Pending Home Sales, a key leading economic indicator, is an important gauge of activity in the housing sector and of consumer spending. A higher reading than forecast points is bullish for the doll...
USDCAD: Broader Bias Remains To The Upside 27 Aug 2013 | 04:07 pm
With USD/CAD reluctant to weaken further following its Friday negative candle formation, the risk is for it to recapture the 1.0567 level. Resistance resides at the 1.0600 level, its psycho level wit...
EUR/USD August 27 – Lower Despite Solid German Business Data 27 Aug 2013 | 02:39 pm
After a very quiet start to the week on Monday, EUR/USD has posted modest losses in Tuesday trading, with the pair trading in the low-1.33 range in European trading. The euro dipped lower despite anot...
Safe haven flows to USD amid ongoing taper debate 27 Aug 2013 | 01:44 pm
The taper debate still carries on regardless and since the FOMC minutes last week the USD has been gaining some ground. That could potentially be halted today with the release of US consumer confidenc...
Dollar beginning to show strength 27 Aug 2013 | 01:21 pm
Geo-political concerns in the Middle East and rising tensions in Syria have given a boost to the US dollar against Sterling this morning. Sterling was trading above 1.57 USD last Wednesday and is now ...
German IFO Business Climate beats expectations – EUR/USD hesitates 27 Aug 2013 | 01:12 pm
Germany’s No. 1 Think-tank, IFO released better than expected numbers in all the components. The strength of Germany, which grew by 0.7% in Q2, continues into Q3. EUR/USD remains on high ground at ar...
Forex Daily Outlook August 27 2013 27 Aug 2013 | 11:00 am
German Ifo Business Climate and CB Consumer Confidence in the US are the main events lined up. Let’s see what awaits us today. In the US, CB Consumer Confidence, Monthly Survey of business condition...
Brazil’s Valiant Attempt to Halt the Real’s Recent Slide 26 Aug 2013 | 10:42 pm
After seeing the Brazilian real reach a new 4 year low and economists raised their year-end forecast on inflation to 5.80% from 5.74% for the end of this year, the Brazilian Central Bank knew it neede...
Gold Maintains Recovery Mode 26 Aug 2013 | 08:05 pm
August 26, 2013 – Gold (daily chart) has maintained its recovery of the past two months after rising from its late June multi-year low at 1180. The clear bullish trend of this two-month period has see...
Dollar gains as tapering looks likely before the close of 2013 26 Aug 2013 | 08:04 pm
The dollar gained across the board on Wednesday after the release of the Federal Open Market Committee’s (FOMC) July meeting minutes. FOMC members have acknowledged that unemployment has dropped sign...
