Forex Trading Online

EURUSD- waiting for further direction from FOMC members

The pair extended the losses in the 2nd consecutive week as well but, managed to hold the parallel support finds at 1.1080. After the FOMC outcome the volatility widen and the recent Fed member Lockart […]

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USDCAD- bearish h&s pattern remains in play h1 chart

US September Markit services PMI initial value of 55.6, expected 55.6, the former value of 56.1. US September Markit composite PMI initial value of 55.3, the previous value of 55.7. Resistance: 1.3360 Fresh buying only […]

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USDCHF- weekly resistance seems at 0.9900

The greenback strengthens after the Yellen’s speech at the Philip Gamble Memorial Lecture, University of Massachusetts. Yellen: To be reasonably confident that inflation will return to 2 percent over the next few years, we need, […]

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GBPUSD- firmly holding above 1.5200 ahead of US, GDP

BoE McCafferty: The current low inflation rate should be largely temporary, should now raise interest rates, and thus to prevent a sharp hike in the latter, I’m afraid that suddenly hike would threaten the British […]

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