In the U.S., economic data continues to be eclipsed, at least in the media, by the financing frenzy surrounding the Facebook IPO which is set to launch tomorrow. Nonetheless, there were some events ...
One of the biggest differences between professional and amateur traders seems to be the ability to look at the markets in a subjective manner. Typically, the newer trader finds that some of the ...
We have recently identified the Clear Down Channel on the daily CAD/JPY charts. The overall Quality of this chart pattern is measured at the 6 bar level as a result of the below-average Initial Trend ...
European news has dominated the forex market with a steady narrative of an ongoing saga, making it easy to forget the Europeans do not have a monopoly on a saga of troubled times. Last night we ...
As we approach that Bank of Japan interest-rate decision market participants are eagerly anticipating to see whether the central bank will undertake further monetary easing by adding to its ...
The CAD/JPY is seen in the 4H chart trading in a declining channel since a previous rally stopped at 84.89 on 3/20. The market formed a double bottom with a low at 80.13, and followed through with a ...
The unique opportunity for currency traders to react to the March NFPs report without the broader capital markets complicating the reaction didn’t do the dollar any favors Friday. The ...
We'll be trading the US NFP (nonfarm payroll) Employment Change, it is the focus news release for the week. Here's the forecast:8:30am (NY Time) US NF Employment Forecast 205K Previous 227K.8:30am (NY...
Both the dollar and capital market benchmarks are so close to meaningful trend shifts that you can almost feel the heat from the major breakouts that would set the markets alight. With the countdown ...
CAD/JPY has recently completed the Uniform Triangle chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 3 bar level as a result ...