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Forex for the Week of April 29th 2013 – A Tale of Two Kiwis
Its that time again…. The Forex week ahead will be important, as the Non-Farm Payroll numbers come out on Friday. It seems that no matter what happens, this announcement takes center stage, and this week will be no different. The report will be parsed by large funds around the world, and what it means for […]
Read Some MoreForex Markets for the week of February 4th 2013
The Forex markets had a few interesting turns this past week, and without a doubt the most important one would have been the EUR/USD closing above the 1.35 level. This confirmed a suspicion of ours about an inverted head and shoulders pattern with the neckline being at the 1.35 level. Because of this, the EUR/USD […]
Read Some MoreCommodity Currencies As We Enter The First Week Of January 2013
During the last week, the markets were essentially negative. There are various reasons for this, and as a result it makes for a fairly difficult environment. One of the biggest reasons is that the holiday hours will have had most major players sitting on the sidelines and waiting until January to return. This time of […]
Read Some MoreEuro Falls 140 Pips, New Zealand Dollar Outperforms And Levels to Watch Next Week September 24th 2012
The Euro fell 140 pips against the dollar last week as the rally post-QEX, the Fed’s latest easing effort, failed to continue. Risk assets in general were also put on the defensive, Oil fell over 6$, closing the week at 93.05. Gold closed the week almost unchanged, up only 2$ to 1,772. The Euro Stoxx […]
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