Search Results for: US Dollar
USD/JPY erodes resistance at 104
April 3rd, 2014
Pair’s Outlook As USD/JPY approached 104, the rate of the U.S. Dollar’s appreciation slowed down. However, the currency pair still retains the potential to surpass the 2013 highs, even though the technical studies in the near term do not ...
Asian Stocks Rise on Stimulus as Oil Drops With Copper
April 3rd, 2014
Asian stocks rose for a seventh day in the longest rally this year as the Japanese yen reached a two-month low and China’s government announced stimulus measures. European equity index futures, copper and oil fell. The MSCI Asia Pacific ...
GBP/USD plunges beneath monthly pivot point
April 2nd, 2014
Pair’s Outlook At first it looked as if the Sterling is going to continue the advancement seen last week. However, despite the bullish technical signals on the weekly and monthly time-frames, the price declined, being unable to withstand the ...
USD/JPY probes resistance at 104
April 2nd, 2014
Pair’s Outlook The U.S. Dollar disregards the daily and weekly technical indicators and strengthens relative to the Japanese Yen. As the supply at 103.34 is now out of the way, USD/JPY is facing the resistance at 104.00/103.79, which should ...
US stock market is rigged by high-speed traders
March 31st, 2014
The US stock market is rigged in favour of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to the acclaimed author Michael Lewis. In his new book Flash Boys: A Wall Street Revolt, ...
USD/JPY tests 100-day SMA
March 31st, 2014
Pair’s Outlook Despite the resilience the 55-day SMA has recently demonstrated, in the end USD/JPY has managed to spike through the line and reach 103.03/102.76, which consists of the monthly R1 and 100-day SMA. Should the bulls continue pushing ...
USD/JPY oscillates beneath 55-day SMA
March 28th, 2014
Pair’s Outlook The story continues, as neither the bulls that see USD/JPY rising from 102 nor the bears that are defending the 55-day SMA seem to be willing to give in. And even though in the short run the ...
IMF throws Ukraine financial lifeline, Russian economy to slump
March 27th, 2014
Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor. The International Monetary Fund ...
USD/JPY under pressure from 55-day SMA
March 27th, 2014
Pair’s Outlook USD/JPY remains unable to penetrate supply zone created by the 20 and 55-day SMAs. Yesterday the moving averages even pushed the rate below the support at 102.07/00, forcing the monthly PP to come into play and prevent ...
Russia Staring at Recession on Sanctions
March 24th, 2014
Western sanctions are pushing Russia toward recession and the pain could intensify if U.S. and European leaders turn the screw over tensions in Ukraine. Banks including state-run VTB Capital say the world’s ninth-biggest economy will shrink for at least ...
