Daily Forex Analysis - The single currency was feeling the pain yesterday on the back of comments from ECB President Draghi, who was again underlining the ability of the ECB to...
AUDUSD Forex Technical Analysis - The AUD/USD posted a potentially bearish closing price reversal top on Thursday after briefly testing a major retracement. Friday’s subsequent...
XAUUSD carving out a head and shoulders pattern - Gold, despite the recent bullish momentum, is carving out a bearish head and shoulders pattern with the neckline resistance at...
Rising wedge on EURUSD (H4) signals a breakout to the downside - Failure to make a convincing close following the inside bar, EURUSD's rising wedge pattern signals consolidation...
UK Industrial Production, RBNZ OCR Decision,China CPI - The day starts out with the industrial production data from the UK. German IP, released yesterday, was slightly better...
Technical Analysis of Crude Oil - Crude traded above the $50 mark into the N.Y. open, peaking so far at $50.35, an eight-month high. Supply disruptions have been supportive of...
EURUSD goes nowhere but mind the inside bar - The dollar crosses were fairly flat yesterday with the sterling being the exception. While EURUSD formed a doji the day before,...
Important Forex news - In the space of a week we’ve moved from a strong momentum for a June interest rate increase from the FOMC to Yellen hitting the final nail into the...
German IP, Japan GDP, Japan & China Trade Data - While German industrial production is expected to have rebounded in April, I'm not sure that's significant any more, given...