Community
Blog
al_dcdemo's Blog

al_dcdemo's Blog

Avatar

Loonie stabilizes near 1.34

al_dcdemo Posted 21 Dec.  in #Trader's blog #Yellen #Support #Resistance #USD/CAD #Fomc #Opec #D1 Chart
Canadian dollar sold off strongly against the U.S. dollar after FOMC upgraded tightening path and Yellen used the word "gradual" only twice at the last week's press conference. Oil prices remain firm after OPEC and non-OPEC production cut deals.
The pair sprang from the strong support zone (May - November trendline, 200 DMA, 2009 high) below 1.31 and almost completely retraced the decline from the first two weeks of the month in two days before stabilizing ahead of 1.3455 (Q3 2015 high). Looks b…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Slow start to the week

al_dcdemo Updated 8 Aug.  in #Trader's blog #Yellen #EUR/USD #Summer Trading #Jackson Hole #U S Jobs Report #D1 Chart #Antipodean
Major currencies mostly remained in Friday's ranges which were a result of a much better than expected U.S. jobs and wages report. The least action was in the euro while the yen and the antipodean dollars performed better.
Today's markets were reminiscent of subdued summer trading but, as we have seen multiple times in recent months, they never lasted more than a couple of days. I think we won't need to wait until Yellen's speech at the Jackson Hole Symposium to get the next big move.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/JPY extends gains above 110

al_dcdemo Posted 30 May  in #Trader's blog #Yellen #Support #Resistance #USD/JPY #D1 Chart #Sales Tax Hike
Following through on Yellen-induced Friday gains, the dollar strengthened further against the yen overnight and in early European session. News about sales tax hike delay and lackluster retail sales report from Japan helped to support USD/JPY.
The pair rallied more than 100 pips before stalling near the middle of the pre-BOJ range between 110.65 and 111.85. The range top is the first resistance level before 100 DMA and the broken 2013 - 2014 trendline. 109.75 - 110.25 shall hold in case of a dee…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/JPY sells off

al_dcdemo Posted 24 Feb.  in #Trader's blog #Yellen #USD/JPY #Aussie #Dow #Testimony
USD/JPY reversed sharply after Yellen said they won't hike for at least a couple of meetings. Stocks liked it though as Dow hit an all time high. On quick glance it appears that the Aussie benefited the most from the testimony but is, as most other major pairs, near unchanged on the day.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments