The global equity markets are stabilizing after the shockwaves out of Europe last week. The stabilization in equity has not translated to a USD or JPY weakness in the Forex markets thought. Most of the USD and JPY pairs are at critical supports and...
JPY pairs have seen a massive correction over the past few days. Most of them are hitting up against critical support levels and are deeply oversold both on the short term and longer term charts. We expect the pairs to bounce this week on short...
We expect additional USD strength over the coming week but would caution investors to short at current price levels. We are expecting a pullback in USD pairs at the beginning of the week which should provide attractive short opportunities. We are...
EUR/AUD is coming up against strong resistance in the 1.30 region. This region is not only psychological resistance but also 50% retracement of the drop from 1.38. Further this level was former support and should low act as resistance. We...