Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 96.94 was rejected at 97.45 my resistance, now increasing the chances of seeing 96.50-00 in here. 97.45 becomes a significant resistance and near term reversal point, below which the bears remain in total control. EUR […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The USD remains weak with more Southside left and the majors may rally further in here. PE US Dollar (.DXY) Index at 97.17 resumed its downtrend after brief pause and tested 97.00 Friday. My targets of 96.50-96.00 may be seen this week with the trend […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Added to the misperceived notion of uncertainty in US politics, the latest Brazilian corruption scandal is real with the possibility of an impeachment of the President has spooked the markets, but better than expected jobless claims and regional manufacturing data in the US have helped […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The combination of weaker than expected US macro data and the possibility of political stability returning in Europe keeps the G-10 majors strong Vs USD. PE. EUR (Euro) at 1.0985 is close to resistance of 1.10 again on the back of a surprise win […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The US CPI & Retail Sales data may affect the USD today. PE The Dollar (.DXY) Index at 99.57 registered a high at 99.89 before a minor correction, but the Bullish momentum is intact above 99.35-25. USD/JPY at 113.67 is seeing a correction from […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD strength prevails with the weakness in majors expected to continue for a while. PE The US Dollar (.DXY) Index at 99.60 is advancing towards our target at 100.00-50 with support coming up at 99.35-25. USD’s strength keeps JPY at 114.16 weak as USD/JPY enjoys […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD gathered strength and a pause after the 3-Day rally, it may rise further which implies weakness for the majors peers. PE US Dollar (.DXY) Index at 99.43 broke above the resistance, signaling a near term Bullish reversal which may take it to 100.00-50 after […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: No new triggers in the market and the major pairs may settle in moderate ranges near term. USD/JPY broke out of a 5-month long channel after worse than expected earnings in Japan. Labor cash earnings for 17 March came at -0.4% Vs an expectation of a […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The better than expected US NFPs data and the defeat of the far-right candidate Marine Le Pen against the Centrist Emmanuel Macron in the French Presidential election seem to have cancelled each other out as the major pairs remain in the same place with no […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The markets await the FOMC comments today and the US jobs data Friday to provide clues for the near term direction of USD. EUR and GBP remain the strongest majors with further Northside possibilities seen. PE Either the US Dollar (.DXY) Index at 98.93 or […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The financial markets wait for US President Trump to introduce a new tax plan Wednesday, cutting the corporate tax to 15% from the existing 35%. Also the BOJ and ECB meet Thursday can play a Key role. PE USD: My expectations of a major reversal […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Euro (EUR) rose on the back of risk appetite following the 1st round of the French presidential election. However, it may turn out to be more of a relief rally rather than genuine strength for Euro. The chances of Euro making a significant top and […]






Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs






Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary:Nothing new. PE US Dollar (.DXY) Index at 99.74 is hanging around its pivot at 99.80 of its trading range of 98.80-100.75. If .DXY breaches its pivot then see 100.45-80 within 3 to 5 trading sessions. Euro at 1.0716 was rejected from resistance near 1.0770 […]






Work From Home, Make a Good Living Trading

Work From Home, Make a Good Living Trading






Work From Home, Make a Good Living Trading Turn to Wall Street for a simplified life If you have spent any amount of time on social media you will see retail (civilian) stock traders extolling the life style of traveling around the world, staying at the nicest hotels and driving the supercars. I write about […]






Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook

Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook






Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.14. The projected lower bound is: 1.10. The projected closing price is: 1.12. FOREX EUR= closed up 0.006 at 1.117. Volume was 25% […]






China’s Forex Reserves Fell in July, Gold Reserves Up

China’s Forex Reserves Fell in July, Gold Reserves Up






China’s Forex Reserves Fell in July, Gold Reserves Up $CNY, $USD, $GLD China’s Forex (foreign exchange) reserves fell to $3.20-T in July, central bank data showed Sunday. Economists polled predicted Forex reserves would fall to $3.20-T from $3.21-T at the end of June. China’s reserves, the largest in the world, fell by $4.10-B in July. […]






HEFFX Chinese Yuan (CN¥) Trading Outlook

HEFFX Chinese Yuan (CN¥) Trading Outlook






HEFFX Chinese Yuan (CN¥) Trading Outlook FOREX CNY= closed up 0.002 at 6.678. Volume was 21% below average (neutral) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 6.682 6.683 6.676 6.678 2,338 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 6.68 […]






China News: CNY Headed Towards 7

China News: CNY Headed Towards 7






China News: CNY Headed Towards 7 FOREX CNY= closed up 0.006 at 6.687. Volume was 2% below average (neutral) and Bollinger Bands were 90% wider than normal. Open High Low Close Volume___ 6.680 6.687 6.679 6.687 2,771 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 6.68 […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Trading Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






China Implements Fx Trading Reforms

China Implements Fx Trading Reforms






China Implements Fx Trading Reforms $USDCNY The RMB Yuan is facing renewed devaluation pressure over expectations of a US Fed rate hike, but a large RMB Yuan devaluation is unlikely as China continues its market-oriented Fx (foreign exchange) reform. The central parity rate, or the fixing rate of the Chinese currency, had been weakening since […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook FOREX CNY= closed up 0.019 at 6.581. Volume was 11% above average (neutral) and Bollinger Bands were 39% wider than normal. Open High Low Close Volume___ 6.578 6.582 6.574 6.581 2,418 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]