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Forex for the Week of June 16, 2014
The Forex markets continue to look very Euro-negative, as the EUR/USD and EUR/JPY pairs are pushing against the major support areas we have been watching for some time. The EUR/GBP has actually broken below the vital 0.80 level, so it appears the Euro will more than likely be tested this coming week. Because of this, […]
Read Some MoreForex for the week of June 9, 2014
The forex markets got the answer on Non-Farm Payrolls this week, as well as the decision by the ECB. At the end of the week, it was a bit surprising that the markets didn’t really make new ground in a lot of the pairs. One obvious place was the EUR/USD pair, where the Euro was […]
Read Some MoreForex for the Week of June 2, 2014
The Forex markets were a bit unsettled at times during the previous week, but in general – they continued the themes that we had seen before. Overall, it appears that the Euro is trying ot make a stand of sorts. After all, the EUR/JPY pair failed to hang onto losses during the week, as the […]
Read Some MoreForex for the Week of May 26, 2014
The Forex markets saw the continuing of Euro weakness over the course of the past week, and on Friday we saw the EUR/USD pair test the 1.36 level. This area opens the door to the 1.35 level, and massive support. Because of this, although we are bearish at the moment, we recognize that the downside […]
Read Some MoreForex for the week of May 19, 2014
Forex markets over the last week were relatively benign, but did see a bit of volatility on Thursday. However, it should be noted that we are getting close to holiday season for larger European firms, and this will slow the markets down in the near-term. It doesn’t mean that there won’t be trading to be […]
Read Some MoreForex for the week of May 12, 2014
The Forex markets focused on the European Central Bank and its intentions this week, as the Euro has been a currency that has been very strong while the ECB hasn’t liked the attention. Truthfully, the market has shown the 1.40 level is one that will continue to be a lot of trouble. The market saw […]
Read Some MoreForex for the week of May 5th, 2014
The Forex markets were focused on the Non-Farm Payroll report this past week, and it didn’t disappoint. However, as per usual, the American jobs number got a bit of a boost due to people leaving the workforce. This isn’t what the US needs to be doing, but in the end – it appears that the […]
Read Some MoreWeekly Forex Notes April 28, 2014
The past week in Forex was relatively quiet. Because of this, there were essentially short-term trading opportunities at the moment as the markets are trying to figure out what it is that they are trying to do. The markets have been very choppy in general, and this is most shown in the EUR/USD pair, the […]
Read Some MoreForex for the week of March 31, 2014 – Dancing On Hot Coals
Forex markets will certainly be focusing on the employment situation in the United States later this week, as the employment situation will dictate what the Federal Reserve can or cannot do. The ability to continue to taper quantitative easing will be a massive driver of where the US dollar goes, and by extension the entirety […]
Read Some MoreForex For The Week of March 3, 2014 – Rope A Dope
The Forex markets really showed up towards the end of the week – flashing a few flamboyant moves. Friday was especially interesting, as we are now looking at a possible move much higher in the EUR/USD pair. However, there is a lot to “chew on” before the Euro can claim victory, and the area just […]
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