There are both bearish (short term) and bullish (longer term) setups for the EURUSD and NZDUSD. The range of the EURCHF was the largest since October 2008 – and may indicate exhaustion. Analysis of these charts is expanded on in the weekly video.
The NZDUSD is trading at record highs so where does it go from here?
The Dow Jones Industrial Average fell 4.2 percent and the Dow Jones FXCM Dollar Index shed 1.2 percent on a tense week for financial markets as the August 2 US Debt ceiling deadline looms large. Traders continue to show real fear that the US Congress and President could fail to pass an extension of the [...]
There is a high reward/risk trade opportunity in the EURCAD right now. Increased market volatility offer short term opportunities in the Yen crosses.
