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USDJPY at a critical support level

USDJPY at a critical support level

The USDJPY has reached a critical support level. The recent bearish movement in USDJPY was due to investors seeking safety in Yen as world economy outlook weakness. The U.S. currency weakness further added the sell pressure amid doubts on the strength of the U.S. economy, which may prevent the Federal Reserve from raising short-term rates later this…

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Market Update

Market Update

S&P 500 The movements which we are seeing in the S&P 500 is nothing but a big range. The market indecision is due to investors guessing when the FED is going to hike interest rates. A possible rate hike in October is not high with markets potentially heading into a possible shutdown come 1st October….

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What to look out in Forex going next

What to look out in Forex going next

There would be a few news which we should look at coming weeks.  At the top of the agenda would definitely be about how strong the deflationary forces of world economic super powers. Second is the Fed rate rise timing or Fed policy, Greece’s proposal and finally the Central Banks Easing Policy. Deflationary forces: The…

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The main trends of 2015?

The main trends of 2015?

The last 2 weeks have witness some crazy moves in the Forex market. The Swiss National Bank (SNB) started the ball rolling but releasing its peg of the EURCHF. This decision rocked the financial industry and caused ripples which also affected brokers. Alpari, a UK broker declared bankruptcy and it is in a midst to…

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Is USDJPY finally ready to retrace

Is USDJPY finally ready to retrace

The Dollar Yen upwards momentum has somewhat died down with reference to the recent price action suggest. That being said and if price has found the top, then I would see price retracing to 107.59, 106.30 or 105.42. If price manages 105.42, it would further validate the area as previous resistance become support. I am…

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