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Forex Trading Blog Updates
Lots and lots of events this week. But in the end, the yen was the one currency to rule them all while the Aussie was the one currency that was ruled by all. So, what drove price action on these currencies? And how did the other currencies fare this? Read on and find out!
If you find yourself dealing with the same set of problems for months (or even years), then it’s time to take a closer look at possible reasons why you can’t move on from them.
Yo! For today's end-of-the-week intraday charts update, I've got a couple of short-term channels for the Greenback, with USD/JPY and GBP/USD in focus.
The safe-haven yen and Swissy, together with the lower-yielding euro, were fighting it out for the top spot during today's morning London session, thanks to the risk-off vibes. The Greenback, meanwhile, was in retreat, likely because of jitters ahead of the vote on the U.S. healthcare bill.
What’s up with the yen’s strength these days? Let’s take a look at four possible factors pushing the low-yielding currency higher.
The dollar bounced back from its late U.S. session losses after U.S. officials hinted that Trump is “done negotiating” and is calling for a vote this Friday.
Caught a couple of wins with the Inside Bar Momentum Strategy this past week! I'll round up the performance of the basic version of this system for the quarter before implementing tweaks next month.
Nope, not this time! The channel support on AUD/NZD seemed to give way during its latest test while EUR/JPY isn't showing any signs of a bounce so far. Here's what I did.
We're taking a look at some sweet yen setups, homies! Check out CAD/JPY's possible breakout and EUR/JPY's pullback play!
After hours of intense deliberations and a lot of anticipation, traders were disappointed to find out that the House of Representatives decided to delay the healthcare bill vote. Where is Frank Underwood when you need him?
Momentum remains strong to the downside on NZD/JPY after a break of the strong support around 81.00. Does it still have legs in the short-term?
Unfortunately I didn't get any valid signals today so I had to sit on the sidelines. See how it all went down in today's Cowabunga Surf Report.
Wassup? For today's intraday forex charts update, we'll check up on our old setup for GBP/AUD and I've also got a fresh channel for EUR/GBP.
Another choppy European session today, very likely because market players are waiting for the vote on the U.S. healthcare bill. There was some wonky price action, though, since the yen was mostly higher despite higher bond yields and the overall risk-on vibes.
As expected, the RBNZ kept the OCR steady at a record low 1.75%. There was no press conference, however, which is a bummer. Anyhow, here are the takeaways of the March RBNZ statement that you may wanna know about.
With no major market mover on the docket, Asian session forex traders focused on currency-specific price action.
A week ago, I had my one good eye locked on the break-and-retest play for EUR/JPY but I wasn't sure if the pair would much of a pullback. Now that it's down to my entry area, do you think I should hop in at market?
Political headlines are back in the spotlight with risk aversion in tow, dragging commodities, equities, and higher-yielding currencies lower in the past few days. What's up with that?!
The Greenback was all over the place in the latest New York session as the currency simply reacted to country-specific data and headlines while European currencies and comdolls turned lower.
It's all about the Aussie on today's canvas, as I bring to you hot forex trend plays on AUD/JPY and AUD/CHF. Check it out!