24 June, 2017 by Mark Thomason in Market Analysis
For the last three centuries, numerous international companies have been moving their production to Asia. While they have benefited from more affordable labor costs, many Asian countries have grown significantly over that period of time. However, it seems that the ongoing changes on the global political map are affecting the strength of the US dollar, as well as its status in A...
23 June, 2017 by Aayush Jindal in Market Analysis, Technical Analysis, USDJPY
The US Dollar is facing a major resistance near 111.70-80 against the Japanese Yen.
Earlier this month, the USD/JPY pair broke a monster contracting triangle at 110.10 on the 4-hours chart.
Today in Japan, the Nikkei Manufacturing PMI for June 2017 (Preliminary) was released, which came in at 52.0, down from the last 53.1.
Today, the US number of Ne...
22 June, 2017 by Aayush Jindal in EURJPY, Market Analysis, Technical Analysis
The Euro this week struggled to break a crucial resistance near 124.60 against the Japanese Yen, and moved down.
A bearish trend line at 124.60 on the 4-hours chart of EUR/JPY prevented upsides, and pushed the pair down.
Today in the Euro Zone, the Consumer Confidence for June 2017 (preliminary) will be released, which is forecasted to increase from -3...
21 June, 2017 by Aayush Jindal in Market Analysis, Technical Analysis, USDCHF
The US Dollar has recovered well from the 0.9600-20 support against the Swiss Franc.
The USD/CHF pair needs to break a major bearish trend line at 0.9760 to initiate an uptrend.
Today in the US, the Existing Home Sales for May 2017 will be released, which is forecasted to decline by 0.5%, less than the last -2.3%.
Recently, the US Current Account fo...
20 June, 2017 by Aayush Jindal in AUDUSD, Market Analysis, Technical Analysis
The Aussie Dollar remains above a major support area at 0.7560 against the US Dollar.
There is an important bullish trend line forming with current support as 0.7565 on the 4-hours chart of AUD/USD.
The minutes of the Reserve Bank of Australia meetings released today had no major negative impact on the Aussie Dollar.
The Australian House Price Index...
19 June, 2017 by Aayush Jindal in EURUSD, Market Analysis, Technical Analysis
The Euro failed once again to settle above the 1.1280-90 resistance area against the US Dollar.
The EUR/USD pair declined this past week, but managed to hold the 1.1130-20 support.
Today, the Euro Zone Construction Output for April 2017 will be released by the Eurostat, which is forecasted to decline by 0.1% (MoM).
This past Friday, May’s 2017 Eur...
18 June, 2017 by Paula Rodriguez in Forex Lifestyle
Forex traders should learn the different ways to stay on top of news, tools and trades. With plenty of information coming in, staying updated will allow traders to process any updates as they come. In an exciting and evolving market, it is vital to keep track of all the information and activity needed when trading. While on the move or outside the trading session, making use of...
16 June, 2017 by Aayush Jindal in Market Analysis, Technical Analysis, USDJPY
The US Dollar recently formed a base near 108.80 against the Japanese Yen and started a recovery.
The USD/JPY pair recently broke a major bearish trend line and resistance near 110.20-40 on the 4-hours chart.
Today, the BoJ Interest Rate Decision (June 15, 2017) will be announced by the Bank of Japan, and rates are expected to remain at -0.1%.
15 June, 2017 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
The New Zealand Dollar after forming a base near 0.6850 against the US Dollar started an uptrend.
The NZD/USD pair has cleared two important bearish trend lines on the weekly chart at 0.7150 to signal a major bullish trend.
Today in New Zealand, the Gross Domestic Product for Q1 2017 released by the Statistics New Zealand posted an increase of 0.5%.
14 June, 2017 by Aayush Jindal in Company News
We are pleased to announce that, due to our improved liquidity and pricing technology, the rollover window will be reduced from 5 to 2 minutes.
The new rollover window for all Forex pairs except USDRUB, USDCZK and EURCZK will now be from 23:59 to 00:01 in server time, effective Thursday, 15th of June at rollover time.
This change will improve your trading experience with Ti...