Category Archives: Binary Options

GBPUSD Technical Update – Week Of 15th July – Cable Update

As previously noted, the low of $1.4811 this past week resulted in a false break scenario and the subsequent price action is now squeezing the cable shorts. … Continue reading

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Australian Dollar May Rebound Absent Swell in Fed QE Taper Bets

The Australian Dollar may have scope to launch a recovery but the move may be undermined by another heavy well in Fed QE cutback speculation… Continue reading

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Loonie Rides Alone Amongst Commodity Pairs

The key focus come Monday will be on the data from China this weekend. Q2 GDP growth is expected to come in at +7.5% but there concerns remain over H2 and the political willingness to accept lower growth. The fear of a Chinese economic slowdown should not have too great a direct impact on the… Continue reading

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Currency Positioning and Technical Outlook: Consolidative Phase Ahead

The recent US dollar uptrend began in mid-June, encouraged by anticipation of Fed tapering and the resulting wider interest rate differentials. Comments by Federal Reserve Chairman Bernanke last week were interpreted by market participants as indicating that the reduction of asset purchases in the… Continue reading

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Forex Weekly Outlook July 15-19

The US dollar was on the back foot after Ben Bernanke released dovish comments. Will the dollar begin a period of weakening? Continue reading

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Europe Week Ahead: German ZEW, UK CPI, -BoE Minutes, -Retail Sales

The political situation in Portugal remains fragile to say the least, although the threat of imminent snap elections seems to have receded somewhat. The next key step will be the 8th Troika review, which was initially supposed to start on Monday but will likely be delayed to end-August, as requested… Continue reading

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EURUSD Technical Analysis – Week Of July 15th – Euro Dollar

The EUR/USD pair has seen a consolidation phase following the significant upside move this week. This has culminated in two daily candles trading around, and above, the 1.3000 round number area – but unable to print a new high as of yet Continue reading

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US Week Ahead: Bernanke’s Testimonies, Retail Sales, CPI, IP, Housing, Beige Book, Empire Srvy

Mr. Bernanke gives his semi-annual monetary policy report to Congress next week. Continue reading

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Foreign-Student Work Plan Cut by U.S. as Complaints Mount

To Maria Bolesova and 73,000 other foreign students, a 50-year-old State Department cultural-exchange program provides a welcome path to work and travel in the U.S. during the summer school break Continue reading

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Decision Levels for the Dollar

Traders rapidly discounted two main ideas after Bernanke’s Wednesday afternoon speech and Q&A: Take July and September out of the taper conversation (for now) and expect the Fed liquidity to keep on coming. The proof is in the subsequent Nikkei and Dow strength in the following hours. While there… Continue reading

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