| A Range Bound EUR/USD Provides Fertile Ground for Scalping Strategies (Daily FX) The EURUSD has been in a 150 pip range over the past four days despite setting a new yearly high of 1.4652 as we have started to see volatility dissipate. The high liquidity and low spreads for the pair makes it ideal for intra-day strategies which traders should look to take advantage of in current conditions. us.rd.yahoo.com |
NZ dollar climbs through US74c The New Zealand dollar rose through the US74c figure today after a "monster" employment report in Australia increased optimism about economies in this part of the world.The NZ dollar was US73.99c at 5pm from US73.33c at 8am and... nzherald.co.nz |
USDCAD: Remain Long as Canadian Dollar Extends Losses (Daily FX) USD/CAD Strategy: Long at 1.0558, Targeting 1.0875 us.rd.yahoo.com |
USD/JPY Classical (Daily FX) USD/JPY: Despite the latest bounce, the pair still remains confined to a very strong downtrend and any rallies are seen limited, in favor of a bearish resumption. Look for any additional rallies to stall out ahead of 92.00, with only a break and close back above 92.35 to delay outlook and give reason for re-think. us.rd.yahoo.com |
US Dollar, British Pound May Find Strength in Fed Rate Decision, Q4 GDP (Daily FX) The US dollar will face heavy event risk in the coming week, as the Federal Reserve will announce their latest rate decision and Q4 GDP may reflect the fastest pace of growth since Q3 2006. us.rd.yahoo.com |