The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Australian dollar is recognized as the best proxy for trading the Chinese economy, as the Chinese Yuan is not freely traded. The Reserve Bank of Australia’s (RBA) former Governor Glenn Stevens has said…
Read moreWill the Reserve Bank of Australia (RBA) cut interest rates to a fresh record low of just 1.50%? At the central bank's monetary policy decision tomorrow for August, the odds are in favor 2/3 for the central bank to do just that. In an era of low interest rates, this is still one of the highest…
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at today's steep drop in the Australian Dollar and the day's other key events and indicators. More of John's research can be seen at Saxo Bank's TradingFloor.com. [divide] The Aussie was ripped for steep losses overnight on a weak CPI print that gapped…
Read moreNadex, the American regulated binary options exchange has some new things being implemented next week. One, 5 minute expiries on major currency pairs will be introduced following submission and acceptance from the CFTC. Second, the binary options exchange will amend how it calculates official expiration rates. You can read the official notices from Nadex below:…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and AUD/USD. To view and download the entire report, click here (PDF). USD/JPY: Challenging its support at 114.06 • USD/JPY has failed to break the hourly resistance at 115.52 (06/11/2014…
Read moreIn Swissquote’s Wednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and AUD/USD. To view and download the entire report, click here (PDF). USD/JPY: Challenging the support at 108.01 • USD/JPY has weakened near the major resistance at…
Read moreIn Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and USD/CAD. To view and download the entire report, click here (PDF). GBP/USD: Bouncing • GBP/USD is bouncing, as can be seen by the break of the…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and AUD/USD. To view and download the entire report, click here (PDF). EUR/USD: Challenging the 1.2500 threshold • EUR/USD continues to move lower, confirming persistent selling pressures.…
Read moreIn Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and AUD/USD. To view and download the entire report, click here (PDF). GBP/USD: Pausing near the support at 1.6162 • GBP/USD continues to retrace the rebound that…
Read moreIn Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and AUD/USD. To view and download the entire report, click here (PDF). EUR/USD: Challenging a strong support area • EUR/USD has broken the strong support at 1.2755…
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