Archive for May, 2011

• GBPUSD Changes Its Tune
  faithmight, May 31st, 2011 at 1:34 pm, Comments: 0

  The forex markets continue to remind me that to be a bull or a bear is foolhardy. It is just best to read price action and [...]

• NZDUSD Keeps Bullish Bias
  gregmikefx, May 31st, 2011 at 10:12 am, Comments: 0

  The $NZDUSD surged higher today after consolidating during holiday trading on Monday.  The pair continues to make new highs and although the headwinds exist from [...]

• From The Charts – USDCAD
  gregmikefx, May 31st, 2011 at 9:50 am, Comments: 0

  The Bank of Canada (BOC) met this morning for their monetary policy meeting. Although the BOC reiterated its assessment that the higher Canadian dollar was a headwind, the $USDCAD [...]

• USDCAD Maintains Firm Support
  gregmikefx, May 30th, 2011 at 10:39 am, Comments: 0

  The Canadian GDP on a quarterly annualized basis came in a touch weaker than expected although the month-over-month (MoM) was a bit better.  What balanced [...]

• What If GBPUSD Strength Is Just A Rally Inside Distribution?
  ragheehorner, May 27th, 2011 at 11:35 am, Comments: 0

  I’ve been buying into pullbacks on the $GBPUSD as the strength as carried the pair higher. The intraday uptrend has me thinking though: With the cable’s [...]

• USDJPY Does Not Like Housing
  gregmikefx, May 27th, 2011 at 10:46 am, Comments: 0

  The $USDJPY fell sharply on the back of the much weaker pending home sales. The price has bottomed above the low for the day and [...]

• EURUSD Bangs Against Yesterday’s Close
  gregmikefx, May 25th, 2011 at 12:18 pm, Comments: 0

  The midpoint of  the day at 1.4059 is the downside support. The 1.4092-98 level (1.4098 is the close from yesterday) is the level being banged [...]

• GBPUSD Remains Bearish For Now
  faithmight, May 20th, 2011 at 3:00 am, Comments: 0

  Cable made new lows at 1.6100 on Wednesday and tested its 100-day simple moving average, a level it had not visited since January. For the [...]

• FX Fundamentals Are A Shifting
  faithmight, May 18th, 2011 at 3:33 pm, Comments: 0

  The first half of the year saw a strong GBP and weak USD; a super strong AUD and a surprisingly strong EUR. Now the tides [...]

• EURUSD Not Done With Selloff
  gregmikefx, May 18th, 2011 at 9:21 am, Comments: 0

  The $EURUSD took another step lower after holding up against support at the 1.4217 area in the early NY session. The move below the level [...]