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EUR/USD traders watching last week’s high and low for guidance

June 4, 2018 2:30 PM
As US traders returned to their desks this morning, the dominant theme was US dollar weakness.

DAX: Draghi pulled the rug out from under the bulls

March 10, 2016 1:10 PM
<p>It’s been a harrowing trip for global markets today, and ECB President Mario Draghi was the conductor.</p> <p>First traders were impressed by the size and scope of the ECB’s aggressive actions to ease monetary policy, but the market’s collective view shifted to dismay when Draghi later indicated that further rate cuts were neither anticipated no...

AUD/USD approaching its 200-day MA with CapEx on tap tonight

February 24, 2016 3:25 PM
<p>My, what a difference a couple of hours makes. As US traders trudged into their offices this morning, it seemed as though the sky was falling: <a href="http://www.forex.com/post?SDN=75c50bb5-618e-455f-baed-f84a58e091cc&Pa=20db1fa6-e674-420c-9a87-2ee29261d638">continued fears of Brexit</a> were driving GBP/USD to 7-year lows, major equity markets ...

NZD/USD’s long-term downtrend is testing a make-or-break level at .6700

February 17, 2016 10:35 AM
<p>For any medium-term traders tracking NZD/USD, the kiwi has been rather dull of late. The pair has carved out a roughly 500-pip range from .6300 up to .6900 over the last eight months, and over the last week, rates have been essentially stationary in the middle of that range around .6650. At first glance, the technical bias is definitively neutral...

USD/CAD rallying on oil weakness, but 1.40 barrier still intact

February 16, 2016 10:55 AM
<p>Traders are abuzz this morning with the “news” that Saudi Arabia, Russia, Qatar, and Venezuela have agreed to freeze oil output at the January’s levels, ostensibly in an effort to support oil prices. Speaking bluntly, this agreement (which is still conditional, as it depends on other countries supporting the move) is hardly a game-changer from a ...