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USD/JPY’s choppy recovery from 88.57 could still continue but after all, we’d expect upside to be limited below 91.26 resistance and bring fall resumption. Below 89.56 minor support will flip intraday bias back to the downside and bring fall resumption towards 87.36 support first. Break will confirm that whole rise…

Intraday bias in GBP/USD remains neutral and consolidations from 1.5534 might still continue. Another rise cannot be ruled out but after all, upside is expected to be limited by 1.5849 resistance and bring another fall. Break of 1.5534 will confirm fall resumption for 100% projection of 1.6875 to 1.5829 from…

USD/CHF’s break of 1.0793 confirms that recent rally has resumed. Intraday bias remains on the upside and further rise should now be seen to medium term trend line resistance at 1.0921 next. On the downside, below 1.0704 minor support will turn intraday bias neutral again. But short term outlook will…

EUR/USD’s break of 1.3585 confirms that recent down trend has resumed. Intraday bias remains on the downside and further decline should be seen to 61.8% retracement of 1.2329 to 1.5143 at 1.3404 next. On the upside, above 1.3695 minor resistance will turn intraday bias neutral but short term outlook will…

Dollar rises today on risk aversion as China raised bank reserve requirement for the second time in a month to cool lending. PBoC announced to increase bank’s reserve ratio by by +50 bps effective February 25. This is the second time this year the central bank raised banks’ reserve ratios…

A confluence of bad events spelt a plunge to multi-year lows for the euro in the wake of Thursday’s EU accord over Greece with market participants fearing ministers did little more than paper over the cracks. Eurostat reported a stall in fourth quarter GDP just to make matters worse and…

The USD is trading higher in reaction to report that the German Chancellor Merkel rejects calls for Germany to fund the Greek rescue package and China raises its reserve requirements by 0.5%, equity and commodity markets decline in reaction to the Chinese rate hike and the USD index trades at…

The Rebroadcast of Thursday Feb 11th FXDD Webinar is now available for viewing. Click here

The Rebroadcast of Thursday Feb 11th FXDD Webinar is now available for viewing. Click here

The Rebroadcast of Thursday Feb 11th FXDD Webinar is now available for viewing. Click here