FOREX

AUDUSD Technical Analysis AUDUSD is trying for second time to break above the 0.7500 on the day. The pair moved above that level in the morning session but could not sustain the momentum. The pair peak at 0.7513. The high just printed 0.7523. The 200 bar MA on the 4-hour chart is up ahead at ...

USDCAD Lower on Higher Oil Prices USDCAD is trading lower today helped by higher oil prices after the Non OPEC production cuts. The price moved down to lower channel trend lines near the 1.3110 area marking the low for the day at 1.3108. The price stalled and the correction rallied ...

Two important interest rate decisions for forex traders Two important interest rate decisions for forex traders this week FOMC interest rate decision on Wednesday, December 14 at 2:00 PM ET/1900 GMT. It was a year ago that the FED last hiked and all investors believe they will hike again this ...

Economic & Forex Data Scheduled For Tuesday Data on international trade for October will be released at 8:30 a.m. ET. Data on non-farm productivity and unit labor costs for the third quarter will be released at 8:30 a.m. ET. The Johnson Redbook Retail Sales Index for the latest week is ...

Forex Important releases next week Three important interest rate decision for the upcoming week: ECB – RBA – BAC ECB interest rate decision.  Thursday December 8th at 7:45 AM ET/1245 GMT.  ECB is expected to keep their interest rates unchanged. However, they are expected to announce an extension of the ...

Forex Technical Outlook – USDJPY USDJPY is trading above the March 2016 highs at the 114.44-54 area again. Yesterday the pair peaked against the area. Today in the Asia session, the price moved above the level on it’s way to a test of the mid-February high at 114.86. The high ...

Next Week in Forex Here is a list of important news coming up this week and forex traders must watch: Monetary data: Monday, 9:00. According to the ECB, M3 Money Supply, or the amount of money in circulation, rose at an annual pace of 5%, and no change is expected. ...

Sign of life for EURUSD As we mentioned yesterday after 10 days the pair finally shows some sign of life. EURUSD had an impressive trading today, it hit the daily high at 1.0657, above the 100 hour MA. In fact there was a bar where the price closed above the ...

Forex Outlook and Analysis Investors could come to the conclusion that the policies in the coming years would be around lower tax, higher government spending especially on infrastructures, less regulations. Industrial and financial stocks benefited most from such expectations. While USDollar was overwhelmingly strong for the week, it should be ...

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