February 24th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDCAD
The US Dollar failed once again near the 1.3200 resistance area against the Canadian dollar and moved down.
There USDCAD pair likely made a double top pattern near 1.3200 on the 4-hours chart, signaling a downside move.
The recent release of the US Initial Jobless Claims by the US Department of Labor posted an increase from the last revised reading of ...
February 23rd, 2017 by Aayush Jindal in Fundamental Analysis, GBPJPY, Market Analysis, Technical Analysis
The British Pound after trading close to 142.00 against the Japanese yen found sellers.
There GBPJPY pair failed to break a bearish trend line with resistance at 142.00 on the 4-hours chart.
The Q4 2016 Gross Domestic Product preliminary release in the UK by the National Statistics was disappointing, as there was an increase of 2% (YoY), less than the ...
February 22nd, 2017 by Aayush Jindal in AUDUSD, Fundamental Analysis, Market Analysis, Technical Analysis
The Aussie dollar recently broke a major support at 0.7680 against the US Dollar.
There was a bullish trend line break at 0.7685 on the 4-hours chart of AUDUSD, which has opened the doors for more declines.
In Australia, the Wage Price Index (Q4 2016) released by the Australian Bureau of Statistics, posted an increase of 0.5%, compared with the +0.5% f...
February 21st, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDJPY
The US Dollar after a rejection just below 115.00 against the Japanese yen moved down sharply.
A monster bearish trend line on the 4-hours chart of USDJPY protected further gains near 114.95.
Today, the Japanese Nikkei Manufacturing PMI preliminary reading for Feb 2017 was released, which came in at 53.5 vs the 52.1 forecast.
Today, the US Manufactu...
February 20th, 2017 by Aayush Jindal in EURUSD, Fundamental Analysis, Market Analysis, Technical Analysis
The Euro after a downside move towards 1.0520 against the US Dollar started correcting higher.
The EURUSD pair broke a bearish trend line (4-hours chart) on the way up and traded as high as 1.0675.
Today in the Euro Zone, the German Producer Price Index will be released for Jan 2017 by the Statistisches Bundesamt Deutschland, and the forecast is lined ...
February 19th, 2017 by Paula in Forex Lifestyle
Finding success in forex trading is similar to becoming a successful entrepreneur. When starting out, you will need self-discipline, extensive knowledge and an effective entrepreneurial mindset. Much like starting business, forex trading requires you to risk personal capital. To overcome expected challenges, having an entrepreneurial mindset can inspire action and solution. Ins...
February 17th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, NZDUSD, Technical Analysis
The New Zealand dollar after dropping towards 0.7130 against the US dollar found support.
The NZDUSD pair consolidated for some time before breaking a channel resistance at 0.7185 on the 4-hours chart.
Today in New Zealand, the Retail Sales figure for Q4 2016 released by the Statistics New Zealand posted an increase of 0.8%, compared with the 1.1% fore...
February 16th, 2017 by Aayush Jindal in EURJPY, Fundamental Analysis, Market Analysis, Technical Analysis
The Euro recently bounced from the 120.20 low against the US Dollar, but found resistance near 121.10-20.
There was a break above two bearish trend lines at 120.60 on the 4-hours chart of EURJPY.
Today in Australia, the Employment Change released by the Australian Bureau of Statistics for Jan 2017 came in at 13.5K, compared with the forecast of 10K.
February 15th, 2017 by Aayush Jindal in Company News
Due to US Presidents' Day, Monday 20th February, there will be changes to market hours for some instruments. Please see the table below for revised market hours.
Titan FX will continue to provide 24 hour support throughout this holiday. Currency Market Hours will not be impacted by this holiday.
[table id=110 /]
Unless indicated above, the markets will be open as usu...
February 15th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis
The Aussie dollar traded higher this week against the Japanese yen, but faces resistance near 87.50-70.
The AUDJPY pair is likely forming a double top near 87.50, but there is a chance of a break higher as well.
Today, the Australian Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute posted an increase fro...