Today is my First day of this month contest. I have won several contest 2time winner of binary option contest and touch binary contest. Also have several position in fundamental analysis. But never manage to win trader contest. This month I am completely deticated for this contest. I am confident I will be in top 3. Preparing my self for the trader of the year contest. I mostly trades in jpy cross pair. My today's pick will be Shorting jpy cross pair. Wish me a good luck!
varda's Blog
EUR, GBP, JPY, AUD, NZD: Levels, Ranges, Targets
GBP/USD is contained for this day’s break points at 1.2525 and 1.2584. Its overbought at current prices yet below 1.2525, GBP/USD is well supported at 1.2456 and 1.2384. The larger range for many weeks is 1.2300, 1.2350 to 1.2800.EUR/USD needs a break at 1.0636 to target lower levels at 1.0560's. Massive and many resistance points lie above at 1.0636, 1.0686, 1.0715 and huge break at 1.0747. Above 1.0747, then far higher for EUR/USD.…
EURopean currencies underperformed commodity currencies
European currencies underperformed commodity currencies Thursday as stronger data out of Asia sent the Australianand New Zealand dollars sharply higher. More than 60K jobswere created in March with full-time work rising by 74.5K, the largest increase in 2 decades. Part-time work fell but the loss was small relative to the increase in full-time work. The improvements in the labor market encouraged more Australians to return to the workforce as evidenced by the rise in the …
Canada’s economy is not as strong as the data would suggest
Dealer consensus expects the central bank to leave its benchmark interest rate unchanged (+0.5%), with Gov. Polozexpected to keep his focus on downside risks even though signs point to a Canadian economy that “maybe” coming to life.Note: Many still argue that Canada’s economy is not as strong as the data would suggest, citing a recent setback in trade data and a household sector burdened with debt. Others argue that economic indicators, most notably job creation, point to an acceleration in grow…
5 things you need to know in financial markets on Tuesday, April 11:
5 things you need to know in financial markets on Tuesday, April 11:1. G7 meets Middle East allies in hope for united front against SyriaMarkets kept an eye on the rising geopolitical tension as foreign affairs ministers from the Group of Seven (G7) major global powers were joined by Middle East allies at their second day of meetings in Italy in the hopes of establishing a united front against Syrian President Bashar al-Assad.Pressure is building on Russian President Vladimir Putin to brea…
Dollar holds near 3-week highs as markets await Fed chair Yellen
The dollar was at three-week highs against a basket of the other major currencies on Monday as investors remained focused on the Federal Reserve’s (Fed) plans to tighten monetary policy and waited for further details from Fed chair Janet Yellen, though geopolitical concerns tempered gains.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 101.17 after touching an overnight high of 101.22, the most since March 15.Demand f…
Why The House Health Care Vote Matters
The current version of Trump's healthcare plan will be dead-on-arrival in the Senate, yet Thursday's vote in the House is a blockbuster. We explain why. The yen was the top performer on Wednesday while the Australian dollar lagged.ETF ChartThe risk aversion in markets stopped on Wednesday but a more-accurate description was that it was on pause. The market is trying to figure out if the House vote on Thursday on the bill to replace Obamacare will pass or fail.The bill itself isn't so much what's…
Dollar holds onto modest gains ahead of U.S. data
Investing.com - The dollar held onto modest gains against other major currencies on Wednesday, as investors eyed the release of U.S. existing home sales data due later in the day, although sentiment on the greenback remained fragile.EUR/USD slipped 0.19% to 1.0789, off the previous session’s six-week high of 1.0822.The greenback weakened after …
Pound jumps as U.K. consumer price inflation higher than expected
Sterling spiked Tuesday as U.K. consumer price inflation came in higher than expected in February.
The pound was up 0.78% at $1.2456 at 06:00 ET after an intraday low of $1.2340.
Official data showed the CPI rose 0.7% month-on-month last month and 2.3% year-on-year, up from 1.8% in January.
The CPI was forecast to rise 0.5% month-on-month and 2.1% year-on-year.
The Bank of England has indicated a certain tolera…
The pound was up 0.78% at $1.2456 at 06:00 ET after an intraday low of $1.2340.
Official data showed the CPI rose 0.7% month-on-month last month and 2.3% year-on-year, up from 1.8% in January.
The CPI was forecast to rise 0.5% month-on-month and 2.1% year-on-year.
The Bank of England has indicated a certain tolera…
USD Higher, Sterling Lower After UK Court Ruling
Markets are trying to digest President Trump’s memorandum of withdrawal from the TPP trade agreement, which—though clearly and frequently signaled during the election campaign—still shifts the US squarely into protectionist territory on the new Commander-in-Chief's first working day. And the UK's Supreme Court ruled earlier this morning that Article 50 cannot be triggered until after a Parliamentary vote.In the aftermath, the dollar has edged higher while …