There was some thrilling action in financial markets last week. Aidan Doyle presents:Dollar Suffers Worst Week in 8 Months, Reversal Serious Possibility. Euro Posts a Five Week Advance, We May Cross 1.30 Again Soon
Japanese Yen: BoJ May Have to Keep Pace to Move USDJPY Above 80. Australia Notably Rejected at 1.06 Despite Positive Risk Move. British Pound Quietly Runs its Most Consistent Advance in Five Years. New Zealand Dollar May Have Better Luck with GDP than RBNZ Gold Run Winded but More Capable of Overtaking 1800.
For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar finished mixed versus the majors, gaining versus the Yen, weakening versus the Pound and unchanged versus the Euro. The Dollar strengthened during part of the trading day as Greek bondholders failed to reach a settlement on the debt swap plan which spurred some demand for safety. Stocks ended mixed with NASDAQ rising by 0.09% and Dow Jones declining by -0.26%. Apple's revenues which were reported after the end of the trading day beat estimates and could bring some positive momentum to tech stocks. Crude Oil declined by -0.44% closing at $99.14. Gold (XAU) declined by -0.80% closing at $1,664.90 an ounce. All eyes will be on the FOMC Interest Rate Statement later in the day, which is expected to remain unchanged at 0.25%.
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Euro, Japanese Yen, and British Pound are all on the move in this premarket briefing from our Dynamic Structure Trading Room. We recap a pattern completion in the Euro as we look at target and stop placement strategy and statistical correlations. The Japanese Yen retested spike highs near 122.00 before moving into a visual pattern completion to signal a long entry, while the British Pound comes onto the radar for a potential short entry.
Premarket outlook of various FOREX price patterns; We begin with a look at the Swiss Franc, where we see potential for long entries around 1.2230's. Notice how conditional logic is used to allow traders to profit in a dynamic marketplace. Similar visual patterns are noted in the British Pound, Japanese Yen, and Euro Composite, however these systems can work in ANY market, and for ANY time frame.