Analysis: Gold was trading in narrow range 1225 – 1235 in the last 5 days then finally resumed its downtrend and moved down faster after FOMC meeting. FOMC hawkish tone is…
EURUSD – Analysis and Forex Trading Signals – 27 May 2014
Analysis: EURUSD broken 1.364 zone and moved lower on last Friday. However, EURUSD rebounced when touching 200 days EMA at 1.3615. During early of Asian Trading Session today, EURUSD has…
AUDUSD is heading to 0.94 after strong job reports and surprise China trade balance
The Aussie gained after the Unemployment Change data released with 14,200 jobs were added in April versus 8,800 jobs increase estimated. The unemployment rate also held at 5.8% versus 5.9% as…
Yellen speech finally saved US dollar from 6-week low but down side risk still high
US dollar was solf off aggressively over the last six weeks although key economic data was better than expected. Before Yellen speech USDJPY touch 101.40 zone, a very strong support…
RBA leave rate unchange, trade surplus slow in March
Australia March trade balance is surplus for the 4th consecutive month, but at a 3-month low with imports flat while exports down 2%. The RBA left cash rate unchanged at…