Insider's to Forex Trading Secrets

US Session: Orders and Options Watch

GBP: The dovish BOE MPC vote outcome, 2 members voted for more QE, hammered the British pound, stops below 1.5750-60 and 1.5700 were triggered and more stops below 1.5650 and 1.5640 are now in focus, however, fresh bids are likely to emerge further out...

US Session: Orders and Options Watch is a post from: Insider's to Forex Trading Secrets

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral at this point. On the upside, above 1.3321 will resume the rebound from 1.2625 and target 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.2974 will revive the case that rebound from 1....

EUR/USD Mid-Day Outlook is a post from: Insider's to Forex Trading Secrets

USD/CHF Mid-Day Outlook

No change in USD/CHF's outlook. With 0.9206 minor resistance intact, another fall remains mildly in favor. Break of 0.9065 support will affirm the case that rebound from 0.7065 is finished at 0.9594 on bearish divergence condition in daily MACD. In suc...

USD/CHF Mid-Day Outlook is a post from: Insider's to Forex Trading Secrets

USD/JPY Mid-Day Outlook

USD/JPY climbs to as high as 80.36 so far today and intraday bias remains on the upside for the moment. Current rise from 76.02, which is part of the rally from 75.56, should target 61.8% retracement of 85.51 to 75.56 at 81.70 next. On the downside, be...

USD/JPY Mid-Day Outlook is a post from: Insider's to Forex Trading Secrets

GBP/USD Mid-Day Outlook

GBP/USD dropped sharply to as low as 1.5679 today so far but remains bounded in range of 1.5643/5928. Intraday bias remains neutral. Again, note that 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168) remains intact. Thus, ...

GBP/USD Mid-Day Outlook is a post from: Insider's to Forex Trading Secrets

Mid-Day Report: Sterling Tumbles after BoE Minutes, Euro Directionless

Sterling was sold off sharply earlier today after BoE minutes unexpectedly revealed that two policy makers favored more expansion in the asset purchase program. GBP/USD is back pressing 1.57 level while EUR/GBP jumped through 0.84. Elsewhere, Euro is g...

Mid-Day Report: Sterling Tumbles after BoE Minutes, Euro Directionless is a post from: Insider's to Forex Trading Secrets

BOE Minutes Unveiled 2 Member Favored More Asset Purchases

The BOE minutes for the February meeting unveiled that 2 (Adam Posen and David Miles) out of 9 members opted for more expansion in asset purchases than decided. The 2 dissenters to the current monetary policy saw a risk of a prolonged period of depress...

BOE Minutes Unveiled 2 Member Favored More Asset Purchases is a post from: Insider's to Forex Trading Secrets

GBP/JPY Daily Outlook

Another rise remains in favor in GBP/JPY with 124.49 minor support intact. Current rally could extend to 127.30 resistance, which is close to 161.8% projection of 117.29 to 122.04 from 119.58 at 127.26. At noted before, we're treating rebound from 117....

GBP/JPY Daily Outlook is a post from: Insider's to Forex Trading Secrets

EUR/JPY Daily Outlook

EUR/JPY lost some upside momentum with 4 hours MACD crossed below signal line but with 104.65 minor support intact, intraday bias remains mildly on the upside. Current rally from 97.03 is expected to continue towards 161.8% projection of 97.03 to 102.2...

EUR/JPY Daily Outlook is a post from: Insider's to Forex Trading Secrets

EUR/GBP Daily Outlook

EUR/GBP's consolidation from 0.8221 continues and outlook remains unchanged. Upside of the consolidation is expected to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually. Below 0.8277 minor support shoul...

EUR/GBP Daily Outlook is a post from: Insider's to Forex Trading Secrets