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Clue less, caught in a tight trading ...

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The greenback weakness supports the Australian dollar to bounce above 0.7100 trading at 0.7110 at the last hour of the trading session. Chair Janet L. Yellen testifies-The Federal Open Market Committee (FOMC) expects that inflation will rise to its 2 percent objective over the medium term. Fed “news agency” Hilsenrath: Fed’s Yellen testimony highlights March […]

Selling witness at parallel resistanc...

Australian-Dollar-Bills

AUDUSD- Yellen testifies on the Semiannual Monetary Policy Report to the House Financial Services Committee, in Washington DC. Ms Yellen’s carefully chosen words may, however, keep the hope of rate increases alive, intensifying swings in currencies given expectations of further policy easing by the Bank of Japan and European Central Bank in the coming months […]

USDCAD-Parallel supports and resistan...

Janet Yellen, of California, President Barack Obama's nominee to become Federal Reserve Board chair, testifies on Capitol Hill in Washington, Thursday Nov. 14, 2013, before the Senate Banking Committee hearing on her nomination to succeed Ben Bernanke. (AP Photo/Jacquelyn Martin)

The pair rejected at 50dsma four times in a row trading at 1.3870 ahead of the Yellen testimony and inventory data. The odd’s are increasing that Fed will delay further rate hikes in 2016. Yellen testifies on the Semiannual Monetary Policy Report to the House Financial Services Committee, in Washington DC. JP Morgan Chase: survey does […]

EURGBP-Topping out?

geometric shapes made from currencies

The euro advances to a year high against the Pound trading at 0.7800 high made at 0.7850 levels. Since the last week of 2015 November, the cross has been moving higher except a bearish week in January 2016. In 13 weeks, the cross recorded 12 bullish approaching to the temporary top. The divergence between the […]

Trading with UK’s manufacturing...

Made_In_Great_Britain

The cable pause the 3-day falling streak manages to hold the 20dsma closed with mild gains. The risk-off sentiment pressures the pound against the greenback. Ahead of the Yellen testimony the greenback witness selling pressure against the euro and pound. The odd’s are increasing that Fed will delay further rate hikes in 2016. Yellen testifies […]

New concerns pressures the Oil

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Oil dips 5% extended the fall on the fourth day as well. The EIA and IEA data mount the new concerns oversupply glut. EIA: As of the end of January, nearly 5.03 million barrels in US crude inventories for the first time since 1930 exceeded 500 million barrels. EIA: The 2016 WTI crude oil price […]