Recent Blogs Posts

AUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145 support holds, the price action in the trading range is treated as consolidation of uptrend from 0.9861, and another rise towards 1.0600 is still possible, only a breakdown below 1.0145 will indicate the the rise from 0.9861 has completed at 1.0385 already, then the following downward movement could bring price back to 0.9500 area.



Daily Forex Forecast

Following the rally of precious metals in the past couple of weeks along with other commodities including crude oil prices, this week brings many news items on the agenda that could affect this upward trend including: China's GDP growth rate, U.S. CPI and PPI, OPEC's monthly report, U.S. housing starts and changes in existing home sales. Here is an outlook for the week of January 16th to January 20th related to the U.S., UK, China, Australia, Canada and Euro Area.
For the complete weekly outlook for the week of January 16th to 20th see here in Trading NRG
(All times GMT):
1. Monday 16th of January 18:00 – ECB President Speaks: Following the recent interest rate decision, in which it was decided to keep the rate unchanged ...

[url="http://www.daytradingbias.com/?page_id=1093"]Weekly Outlook[/url] updated for the week of Jan 16 to 20.

You can view the latest charts and comments [url="http://www.daytradingbias.com/?page_id=1093"]here[/url].
Previous week comments and charts can also be found on the same page.

For those who are interested in mechanical approach to chart analysis, check out our [i]Weekly Cycle Projection[/i] - it provides [url="http://www.daytradingbias.com/?page_id=6847"]visual weekly forecast[/url] for the markets we support.

[b]Free Symbol Rotation[/b] this week is offering the premium reports on the pair [color=green][b]USDJPY[/b][/color] for FREE.

[url="http://www.daytradingbias.com/?page_id=399"]Sign ...

Dollar/yen practically remained indifferent towards the crisis in Europe, but suffered from softer US data. Will it maintain the perfect range trading? Core Machinery Orders and Tertiary Industry Activity are the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week, positive readings were registered in Japan with a rise to 92.9% in Leading Indicators, a smaller than predicted drop in the current account surplus reaching 0.48T and a rise in Economy Watchers Sentiment to 47 from 45 getting closer to the 50 point line. Will this positive trend continue?

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-january-16-20/"]USD/JPY ...