Last we Monday we wrote that Credit Agricole initiated a long position in EUR/USD from 1.2660 with a target at 1.3100 and a stop of 1.2350. They reiterated the position today: This week’s main focus will be on PMI releases, … Continue reading
The EURUSD tests the 1.28000 level (high reaches 1.28055). Shorts are feeling some squeeze but next technical target is being tested at topside trend line on the hourly.
The GBPUSD is off to a good start in trading this week (October 20, 2014). The technical charts are more positive. Buyers are remaining in control. In the weekend video (CLICK HERE), I outlined that a move above the 1.6125 are … Continue reading
The EURUSD has been able to get and stay above the 1.2776-80 level (see prior post: Forex Technical Analysis: EURUSD continues to tell the story (October 20, 2014). The comments from Nagel may be contributing to the upside push as it suggests … Continue reading
EUr/GBP held up at resistance along the old Feb 2013 channel bottom and we’ve been catapulted back down over 100 pips. We’ve got a strong double bottom down at 0.7755/60 and the trend continues to point down. If the pound … Continue reading
The Fed’s regulatory guru Daniel Tarullo is speaking at a “Reforming Wall Street Culture Workshop” and is still plugging for tougher rules and supervision. He says that more firms are making bad behaviour dismissals more public but that if banks don’t … Continue reading
After the turmoil during the middle of last week, and the following bounce to end it, the question was whether stocks could build on those gains into the new week. Currently, European stocks stand thusly; FTSE -0.7% Cac -1.0% Dax … Continue reading
The Fed’s Powell just finished up his hour-long Q&A on community banking. There was nothing that remotely touched on the economy and I implore you not to listen to the recording. The calendar is completely bare for the remainder of … Continue reading
Smartest guys in the room!? I don’t know about that. Goldman Sachs lowered its year-end estimate on 10-year Treasury yields to 2.50% from 3.00% (spot at 2.19%). In German bunds, they lowered the estimate to 1.00% from 1.90% (spot at … Continue reading
ForexLive Americas coverage captures all the forex news that can impact FX traders in this region. Get the top global bank news and politics from North and South America. Check in with our Forex news Americas coverage daily and keep up with our live updates to give your forex trading strategy an edge. Trading in realtime isn't easy so you need to have all the facts, data and information necessary to make FX trading decisions on American trading pairs in the region quickly. Get trading technical analysis tips on the Americas and find out ways to trade the news to your advantage. Whether it's the Canadian dollar, the U.S. dollar or the Mexican peso, you'll find all the news you need to know right here.