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Bernanke said the central bank is ready to support the U.S. economy if needed

        Good Morning , §  The euro got a leg up against the dollar after Federal Reserve Chairman Ben Bernanke said the central bank is ready to support the U.S. economy if needed, though gains were limited as the Fed chief remained vague about specific steps §  ECB’s Draghi says senior debt […]

Intraday Zones EURUSD GBPUSD AUDUSD USDJPY USDCHF

Looking ahead, BOE’s Garney speech is the most important financial event today, though we are not expecting talk on monetary policy.  In addition, Jobless Claims will be in focus,  but we are not anticipating big surprises. Upcoming News:  Source: ZuluTrade’s Calendar We have noted major zones that define the current price action for each pair. […]

The Trading View for USDJPY

USDJPY trimmed almost 2 days gains yesterday, closing below 5 EMA again and losing the recovery momentum. The pair created a MACD bullish crossover signal while Stochastics is still rising to the upside. However, the mid-term bias remains bearish because the pair is moving below 21 EMA. Daily Heading to the hourly timeframe, the pair is […]