The US Dollar declined against its Canadian counterpart as expected having marked a top with bearish Dark Cloud Cover and Bearish Engulfing candlestick patterns as well as negative RSI divergence. Support is now at 1.1949, the 38.2% Fibonacci retracement, with a break below that exposing the 23...

Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 1.0878 resistance level on D1 timeframe for bearish market condition to be continuing Price channel indicator is showing good signal for uptrend on open D1 bar...

2015-04-22 02:30 GMT (or 04:30 MQ MT5 time) | [AUD - CPI] past data is 0.2% forecast data is 0.1% actual data is 0.2% according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...

The economic outlook if the Fed does not trigger a recession is quite positive and gets better as time goes by. Consumer spending is likely to grow just in pace with the economy. Few consumers are stretching beyond their incomes, and few are withdrawing from spending...

Tenkan-sen line is located above Kijun-sen line of Ichimoku indicator with 122.02 resistance and 118.32 support levels on W1 timeframe for the uptrend to be continuing...

Tenkan-sen line is above Kijun-sen line of Ichimoku indicator on W1 timeframe with 1.2362 support level to be broken from above to below on open W1 bar within the bullish market condition for possible secondary correction...

President Draghi continued to distance himself from verbally jawboning the EUR, continued to rule out another rate cut, continued to say the ECB is rule-based when asked how long they can support Greece, said he saw no signs of a bond bubble, and continued to avoid saying anything to suggest tape...

2015-04-16 02:30 GMT (or 04:30 MQ MT5 time) | [AUD - Unemployment Rate] past data is 6.2% forecast data is 6.3% actual data is 6.1% according to the latest press release if actual < forecast (or previous data) = good for currency (for AUD in our case...

New Zealand Dollar corrected higher against US namesake after seemingly overturning the up move from the March swing low yesterday. A daily close above the 0.7503 area (horizontal pivot, 38.2% Fibonacci expansion) exposes the 50% level...

2015-04-15 03:00 GMT (or 05:00 MQ MT5 time) | [CNY - GDP] past data is 7.3% forecast data is 7.0% actual data is 7.0% according to the latest press release if actual > forecast (or previous data) = good for currency (for CNY in our case...

JP Morgan's EUR/USD forecast profile is unchanged this month and continues to show a slower decline for the rest of the year, after an unprecedented -11% drop in Q1. JPM's Quarter-end targets are 1.07 in Q2, 1.06 in Q3 and 1.05 in Q4...

The past week was quite “boring” in the precious metals complex. Gold and silver traded lower during the week befor recovering on Friday. The miners, obviously, followed a similar path...

International trade currencies: These currencies are heavily influenced by changes in global demand for raw materials (commodities) and finished goods. A few of them (CAD, AUD, NZD) are often referred to as the “commodity currencies...

The US Dollar continued to move higher against the Japanese Yen as expected after taking out the top of a Flag chart pattern. A daily close above the 38.2% Fibonacci expansion at 120.68 exposes the 50% level at 121.41...

Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists? (EconoMonitor) How tech billionaires are using money and data to solve for death (Washington Post) The Secret Sauce: How Buffalo Wild Wings Turned the Sports Bar Into a $1...

EURUSD Daily Pivots R3...

2015-04-10 02:30 GMT (or 04:30 MQ MT5 time) | [CNY - CPI] past data is 1.4% forecast data is 1.3% actual data is 1.4% according to the latest press release if actual > forecast (or previous data) = good for currency (for CNY in our case...

By examining the daily chart of the GBPJPY pair, we easily can notice that the pair has moved aggressively downwards during the previous period after placing a short-term top in the 185.00 regions. The psychological areas of 185.00 intersect with 61.8% Fibonacci of the major decline from 189...

The Pound advanced on several of its peers on Tuesday as UK Consumer Confidence and growth data printed above expected levels. While the GfK gauge of UK sentiment rallied to a 12-year high of 4 in March from 1 in February, the nation’s final fourth quarter growth data was revised to 0...

Lately the dollar began to lose ground, after winning more than 20% in the last 5-6 months! Personal watching two setupuricorelate strong dollar, namely Silver (or XAGUSD) and USDSGD...