Forex Killer App. Blog

EUR/JPY’s rally from 151.71 extended further last week as expected to as high as 169.46, taking out record high of 168.93 marginally and briefly. Though, Friday’s retreat indicates that an intraday top should be in place. Initial bias is neutral this week and further pull back could be seen. But…
Source:EUR/JPY Weekly Outlook

The USD went lower again on Friday on weaker than expected PCE figures. Key support levels for the USD-crosses are in danger. Notably in USDCHF - 1.0148. Also look for 1.5842 in EURUSD.
Source:USD Heading Lower Again

The country may be celebrating its independence, but the markets will see a week of very important data and an address on the financial crises and the economy from the Fed and US Treasury. The major events of the week will be the publication of the June non-farm payrolls report…
Source:Week Ahead In US Financial Markets [...]

EUR/USD edges further higher to 1.5782 and touches mentioned falling trend line resistance (now at 1.5775). Further rally is still in favor as long as 1.5626 minor support holds and break of the trend line resistance will encourage stronger rise towards 1.5843 resistance. Nevertheless, note that development so far argues…
Source:EUR/USD Mid-Day Outlook

The Japanese yen remains broadly firm on risk aversion today. While dollar remains pressured, strength is EUR/USD and GBP/USD was somewhat limited as both currencies are pressured in respective yen crosses and swissy crosses. Indeed, the biggest winner today so far is the Canadian dollar which ride on another record…
Source:Mid-Day Report: Yen Firm on Risk [...]

Market turmoil deepens as oil prices push to a new record of $142.22 per barrel, triggering fresh declines in global equities. The US-centric nature of bank write-downs and macro economic weakness is prolonging broad USD weakness, which is making the current turmoil different from that of November, August and February…
Source:Dissecting H1 FX & Gold Performance

On Monday, Eurostat estimates for Euro-zone CPI are expected to show that inflation accelerated at an ever faster clip of 3.9 percent in June. If CPI is indeed confirmed at this pace, the figure would match the 16-year high. While much of the rise in price pressures for Europe, and…
Source:EUR/USD: Euro-zone CPI May Set the [...]

US Confidence fell off a cliff in June, with a spectacular drop from 58.1 to 50.4, one of the largest one month drops in recent memory. The confidence reading has only been lower on two occasions in the over 30-history of the survey - once in the months after the…
Source:Rangebound Market Looking To This Evening's [...]

US Confidence fell off a cliff in June, with a spectacular drop from 58.1 to 50.4, one of the largest one month drops in recent memory. The confidence reading has only been lower on two occasions in the over 30-history of the survey - once in the months after the…
Source:Rangebound Market Looking To This Evening's [...]

The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the high level of bullish activity continues to support the corresponding choice of planning priorities for today. At present taking into account bearish position of indicator chart, we assume a…
Source:Forex Technical Analytics