Forex pros

Forex Pros

Forex pros offers Free Real Time Quotes, Portfolio, Streaming Charts, Financial News, Live Stock Market Data and more

Receive Updates
Submit

More From this Publisher

Best forex robot ever
Million Dollar Pips
Marketing With Anik: 15 Weeks Of Coaching + $5000 In Training!
Give me money
The Forex Revolution

See All

Forex pros

USD/JPY Mid-Day Outlook
USD/JPY dips mildly today but outlook is unchanged. We're treating price actions from 125.85 as a sideway consolidation pattern. Thus, we're expecting strong support from 115.96 to contain downside and bring rebound. Above 118.23 minor resistance will turn bias to the upside. However, sustained break of 115.96 will carry larger

Mid-Day Report: Yen High as Oil and Stocks Back Under Pressure
Renewed selling in oil is giving stocks a hit in European session today and lifts the Japanese yen. After reaching an intraday high of 31.38, WTI crude oil is now back below 30 handle and is trading at 29.85 at the time of writing. The selloff is seen due to

STOCKS: Banks Battered as Growth Concerns Intensify; DAX Breaks Key Level
European stocks have been battered this morning, with banks taking the brunt of the sell-off. Sentiment continues to remain downbeat because of growing concerns about the global economy, which is not looking healthy at all at the moment with growth in China slowing down and the US struggling. In addition,

FX Markets Continue To Debate FOMC's Policy Trajectory
Last week saw the 'buck's' biggest weekly decline against the dollar index in seven-years (-3%). Even U.S treasuries rallied, pushing 10-year yields to print +1.79% at one point, its lowest level within a year and within touching distant of its record low yield of +1.38% witnessed in 2012. It seems that

AUD/USD - Aussie Flirts with 71 Line, Australian Business Confidence Next
The Australian dollar is flat on Monday, trading just shy of the 0.71 line in the European session. On the release front, there are no major events out of the US to start off the week. In Australia, ANZ Job Advertisements posted a gain of 1.0%. Later in the day,

EURUSD: Price Trading Near Resistance
EURUSD pair broke sharply to the upside last week which has been technically expected after a completed triangle at 1.0810 area where we spotted end of a wave E in B). As such, current leg up is a new impulse, ideally wave C) of (C) which may face limited upside

China FX Reserves Shrank Less Than Expected
With Chinese markets closed for the week and a very light economic calendar, investors will watch closely the two appearances of Fed Chairwoman Yellen. The latest job report from the US gave renewed hope for the Fed to go on with its tightening process. Indeed, the uptick in wage growth

European Market Update: Equity Markets Maintain Soft Tone
FX markets continued to debate FOMC's policy trajectory but the greenback struggled to make back a small fraction from last week's losses. EUR/USD trying to edge towards the 1.12 level while USD/JPY hovered around the 117 level.

EUR/USD – Euro Subdued To Start off Week
It's been a quiet start to the week for EUR/USD, which is trading at the 1.1150 in Monday's European session. With no major releases out of Europe or the US on the schedule, it could prove to be an uneventful day for the pair. There are only two events on

Forex Technical Analysis
EUR/USD A top has been set at 1.1250 and the outlook on the lower frames is already bearish, for a slide towards 1.1060. Initial intraday resistance lies at 1.1150.

Gold Eases From Three Month High Ahead Of Yellen's Testimony
Gold eased from its highest level in three months on Monday, ahead of Federal Reserve Chairwoman Janet Yellen's two-day testimony to the Congress later in the week. The precious metal climbed to a high of $1171.94 an ounce, while currently trading around $1171.35 from the session's opening at $1171.87. The

EUR/USD's Bears To Face Monthly R2
Last Friday was the first bearish day for EUR/USD in six consecutive trading sessions. After touching the third monthly resistance at 1.1246, the pair has immediately bounced back to close slightly above 1.1150. On Monday the volatility could wane, but the bears will continue aiming at the monthly R2 at

EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Another rise is expected as long as 129.07 resistance turned support holds. We'd sticking to the view that fall from 141.04 is completed at 126.16 already. Above 132.36 will pave the way back to 141.04 resistance again. However, break of 129.07

GBP/USD In Limbo Around 1.45
The Cable took a beating on Friday, as the exchange rate edged closer to the 1.45 psychological level, mostly due to a decline in US Unemployment Rate. The pair remains rather weak and might retreat towards the 1.44 major level in the upcoming days, demand around which is strong. However,

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. The corrective rise from 163.96 could have finished. Break of 168.55 minor support will firm this case. In such case, GBP/JPY should target a test on 163.96 low first. Overall, price actions from 163.96 are viewed as a correction and larger

EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral as the consolidation pattern from 0.7754 short term top might extend. Another pull back cannot be ruled out. But downside should be contained well above 0.7311 and bring rebound. Overall, rise from 0.6981 is expected to resume later. Above 0.7754 will target next long

USD/JPY: Market Reassesses Friday's Data
The Greenback appears to be eager to recover from an almost full week of losses against the Japanese Yen, despite mixed fundamental results on Friday. The USD/JPY currency pair still faces an obstacle, represented by the monthly S1, at 117.50, which could limit the gains, while the second target rests

EUR/CHF Daily Outlook
Price actions from 1.1198 are viewed as a corrective pattern. Thus, in case of deeper pull back, we'd expect downside to be contained by 1.0981 support and bring rebound. Up trend resumption is expected as a later stage. Break of 1.1198 will target 100% projection of 1.0233 to 1.1049 from 1.0732 at 1.1548.

Gold Tests Ability To Consolidate Beyond 1,170
We are observing some selling pressure for the first time in seven trading days. XAU/USD surged above and closed beyond the August high of the previous year, while surpassing the second monthly resistance at the same time. A downward correction should be capped by the weekly pivot point and Sep

Markets Conclude Another Week Staring At Losses
The financial markets concluded trading for another week staring at losses after an uninspiring jobs report from the United States encouraged further concerns over the global economy. The US economy created just over 150,000 jobs in January, which is quite far from the expectationsof just below 200,000 and this was

Leave Your Comment:

Add Comment