EURUSD continued trading higher on Tuesday but hit resistance at the 61.8% retracement level of the 26th of February – 16th of March down move, which stands slightly below the resistance hurdle of 1.1045 (R1) and the 200-period moving average. Thereafter the rate pulled back to meet the support line of 1.0885 (S1). Having


    Yesterday was about the debate regarding the dollar; consolidation or correction. As always, it depends where you look, because at the moment it’s a fairly mixed picture. Despite some goods efforts, EURUSD has not yet pushed about the 1.1043 high made on Wednesday last week. The dollar index has pushed below the low made last

  • Jarratt Davis

    Originally updated: 07:40 Trading Bias: SHORT Currency pair: AUD/USD Current Sentiment: Bearish In today’s trading session we will be focussing on selling opportunities on the AUD/USD. Fundamentals: Markets were relatively quiet overnight although both AUD and NZD underperformed following weaker than expected data from New…

    The post Trading Outlook – AUDUSD appeared first on Jarratt Davis.

  • JFD Brokers UUIIFXBR
    Forex » Greenback falls ahead of CPI
    JFD Brokers - March 24, 2015, 08:55 GMT

    The greenback continued its decline against its rivals on Tuesday despite the absence of any market-affecting news. The European single currency extended yesterday’s early gains against the dollar after the ECB President Mario Draghi’s speech. Draghi defended the QE program and said that he saw a weak recovery even before the QE program. He stated


    EURUSD continued to race higher on Monday and hit resistance at 1.0970 (R1). The rate is still trading above the prior short-term downtrend line taken from the peak of the 26th of February and above the uptrend line drawn from the low of the 13th of March, therefore I would consider the short-term bias


    The question for markets right now is whether the dollar is pausing for breath after last week’s volatility, or we are seeing the start of a dollar correction from the relentless uptrend seen over the past 8 months. The dollar index itself remains above the lows of last Wednesday (96.628), but if this is broken,

  • Jarratt Davis

    Originally updated: 08:00 Trading Bias: Neutral Currency pair: None Current Sentiment: None In today’s trading session we will be awaiting key economic data to provide an opportunity to get into the market. Fundamentals: Focus today will turn to CPI data from the UK and…

    The post Trading Outlook – Neutral appeared first on Jarratt Davis.

  • NordFX NordFX

    Summing up in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we had to introduce some changes. If you look at the analysts’ opinions row in the table, along with the symbols of upward, sideways and downward trends,

  • Jarratt Davis

    Tuesday 24th March 2015 UK CPI – 9:30am London Time We want to keep a close eye on both UK and US CPI figures this week because we can look to trade OUT of the events. For UK CPI we…

    The post Weekly Risk Events Video 23rd – 27th March 2015 appeared first on Jarratt Davis.

  • Anna Coulling

    If there is one term which could best describe last week’s price action in the currency markets it would be that much over used word – volatility – and it is the common thread which ties the four currency futures … Continue reading →