Pressure on Beijing to begin raising interest rates and to appreciate the renminbi against the US dollar is set to rise as inflation jumped 2.7 per cent last month from a year before

Japan’s economy grew less than initially estimated in the fourth quarter and the deflator hit a record negative reading, adding to pressure on the Bank of Japan to ease monetary policy further next week

One of the pitfalls of forex blogging (or all financial reporting for that matter) is that it’s inherently after-the fact. In other words, any information about the past – while relevant – is inherently useless, since it has theoretically already been priced into the asset (or currency in this case). Before I begin my post [...]

EUR/USD-market strategy indicates buying levels from the $1.3689 To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market, we use…

On Wednesday the European currency showed a sign of recovery although Germany’s Trade balance slumped to 8.7 comparing to the 16.4 bln expectation. The Euro/Dollar depreciated down to 1.3541, from where it rallied to 1.3677, closing the day at 1.3653. Our expectations for the currency couple are to continue rising…

EUR/USD Today’s support: – 1.3610, 1.3583, 1.3544 and 1.3516(main), where correction is possible. Break would give 1.3472, where correction also may be. Then follows 1.3457. Break of the latter would result in 1.3429. If a strong impulse, we would see 1.3417. Continuation will give 1.3390.

Sterling comes under renewed pressure after disappointing production data adds to lingering concerns over the UK’s economic recovery

EUR/USD closed higher on Wednesday while extending the trading range of the past five weeks. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction…

The EURUSD didn’t make significant movement yesterday. Overall price still consolidation in range area of 1.3450/35 – 1.3735/50. The bias remains neutral both in nearest and medium term but the long term outlook remains bearish. For me, there are two technical events that must take place in this situation to…

While I have found the upward structure more aligned with a retest of the 92.14 target I have also noted that yesterday’s high was a common retracement target in the 92.14-88.13 decline. If we get a break below 90.10 I would begin to get quite concerned as it would appear…