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FED’s monthly bond purchases would probably end in October…

  Good Morning,   – The dollar under pressure, after the FED indicated that it was not in a rush to end quantitative easing and begin hiking rates. – Asian shares: Japan’s Nikkei -0.56%, Hong Kong’s Hang Seng 0.22% (07:03 GMT), Korea’s Kospi 0.12%, Australia’s ASX 200 0.22% and China’s Shanghai -0.01%. – According to […]

CADJPY: Sellers may take the control

In daily timeframe, CADJPY was in overbought zone since end of June, according to RSI and Stochastics levels (above 70 and 80 respectively). Heading to H4 timeframe, the pair is consolidating between the support S1/88.20 level and the resistance R1/89.30 level. Following the downward trend line T2 and having crossed below 33 EMA, we suppose […]

AUDUSD is testing 21 EMA!

Australian mining and financial shares recorded strong gains, which boosted Aussie shares to the upside on Thursday. In addition, positive news came up regarding Australian manufacturing, AiG Performance of Mfg Index (Jan) (Previous: 56.2, Actual: 58.7) and RBA Commodity Index SDR (YoY) (Jan) (Previous: -5.9%, Forecast: -8.9%, Actual: -0.6%). In the meantime, Dollar is still […]