FOREX.TODAY

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Forex Major Currencies Outlook (Feb 10, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was in a weaker spot yesterday even as it put up a fight against the comdolls. Data from the US economy came in mixed, with JOLTS job openings showing a gain and the NFIP small business index declining. Fed head Yellen's speech might be a strong catalyst for directional plays today…
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Forex Major Currencies Outlook (Feb 09, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar regained ground to the higher-yielders, except for the euro, franc, and yen. Risk aversion allowed the safe-haven currency to get back on its feet even though there were no major reports released. JOLTS job openings and wholesale inventories data are due today. EUR The euro advanced to the dollar and comdolls…
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Forex Major Currencies Outlook (Jan 29, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up more ground to its peers when US data came in mostly weaker than expected. Headline durable goods orders fell 4.4% while core durable goods orders dropped 1.2%. Pending home sales rose 0.1% only instead of showing the projected 1.0% gain. Advanced GDP data is due today and a 0.8%…
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Forex Major Currencies Outlook (Jan 28, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a volatile time during the FOMC statement, as the currency initially rallied but instantly gave back its gains. According to the Fed, they are monitoring the global financial and economic developments closely, removing the reference on balanced risks to their outlook. FOMC officials also reiterated that they would continue to…
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Forex Major Currencies Outlook (Jan 27, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up ground when risk appetite picked up during the latter trading sessions once more, as oil prices made a strong rebound. Data from the US economy came in mixed, with the CB consumer confidence improving and beating expectations. However, the flash services PMI and Richmond manufacturing index showed declines. For…
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Forex Major Currencies Outlook (Jan 26, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar regained ground in recent sessions when risk-off flows dominated price action. There have been no reports out of the US yesterday but the slump in oil prices was enough to send traders scurrying back to the safe-havens. The US flash services PMI, CB consumer confidence index, and Richmond manufacturing index are…
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Forex Major Currencies Outlook (Jan 22, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was forced to return its wins before the end of the trading session when risk appetite picked up. Data from the US was mixed, as the Philly Fed index improved from -5.9 to -3.5 while initial jobless claims showed a larger than expected rise of 293K versus the projected 279K figure.…
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USDCAD Trend Line Pullback (Jan 22, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USDCAD3
USDCAD has been trending higher on its long-term time frames, with the recent selloff offering an opportunity to catch the uptrend. On the 4-hour time frame, an ascending trend line can be drawn to connect the recent lows of price action. Using the Fib tool on the latest swing low and high on the 4-hour…
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Forex Major Currencies Outlook (Jan 21, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a pretty volatile day, as it benefitted from risk aversion in the earlier trading sessions but gave up most of its gains later on. Data from the US was mostly weaker than expected, with both headline and core CPI missing forecasts. For today, only the natural gas storage and crude…
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GBPJPY Retracement Setup (Jan 21, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPJPY1
GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action. Price just broke below an area of interest at 166.50 then dipped to a low of 164.00 before pulling back. Using the Fib tool on the latest swing high and low shows that the 50% level…
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Forex Major Currencies Outlook (Jan 20, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was off to a weak start when risk-taking took place but soon regained the top spot when the market mood turned sour. There have been no major reports out of the US then, as the IMF's decision to lower global growth forecasts was one of the biggest reasons for the return…
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GBPAUD Breakdown and Pullback (Jan 20, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPAUD5
GBPAUD had previously been consolidating inside a symmetrical triangle pattern on its 1-hour time frame before breaking lower. Price had dipped close to the 2.0400 major psychological support before showing signs of a retracement. Using the Fib tool on the latest swing high and low shows that the 50-61.8% levels line up with the broken…
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Forex Major Currencies Outlook (Jan 19, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD  The US dollar had a pretty quiet trading day since there were no major reports released and traders were off on a holiday. For today, there are still no major reports lined up, which suggests that the US currency could take its cue from market sentiment and US equities. EUR The euro was stuck…
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GBPAUD Symmetrical Triangle (Jan 19, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
GBPAUD3
GBPAUD has been forming lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour forex time frame. Top-tier events from the UK economy this week could determine which direction this pair might break out. As for technical indicators, the 100 SMA is still below the 200 SMA for now so the path…
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Forex Major Currencies Outlook (Jan 18, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD US economic data came in mixed last Friday, although the numbers were mostly weaker than expected. Headline retail sales fell by 0.1% as expected while core retail sales dropped by 0.1%. The headline PPI showed a 0.2% dip in producer prices while the core figure posted a 0.1% uptick. The Empire State manufacturing index…
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Forex Major Currencies Outlook (Jan 15, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a generally stronger performance throughout the day, especially after US equities kicked off the session with a strong start. Data from the US economy came in mixed, as import prices showed a smaller than expected 1.2% drop while initial jobless claims were higher than expected. FOMC member Bullard reiterated that…
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Forex Major Currencies Outlook (Jan 14, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance, as it resumed its rally against the commodity currencies but gave up ground to the euro and franc. Fed official Evans reiterated that tightening should proceed at a gradual pace while the Beige Book noted that the inflation outlook is still grim. For today, initial jobless claims…
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