Learn How US Dollar Drops On Yellen’s Dovish Speech.

Back on Monday, the GBP/USD major recorded an upward hike. This was perceived as a direct reaction of the previous week’s sell off from the 1.4480 thresholds. Despite the absence of fresh news in regarding the Brexit in correlation with a weak US start, the pound never hesitated to make its point on Monday. The…

Continue Reading →

How EUR/USD Struggles to Prolong Rally Ahead of Yellen’s Speech

EUR/USD was trying to prolong yesterday’s rally but had problems with doing so as economic data released today from the United States was rather awesome. Now, traders twisted their concentration to the upcoming speech of Federal Reserve’s chief Janet Yellen as her remarks may change the point of view for the dollar. S&P/Case-Shiller home price index had a rise by 5.7% in January (year-on-year), exactly as predictors had predicted and nearly at the same rate as in December (5.6%). Month-on-month,…

Continue Reading →

The Six Day Decline of EUR/USD Ends

EUR/USD picked on Monday after six consecutive sessions of falling off. A few analysts justify the difference of movement by frustrating economic data from the United States, but in certainty news were not particularly bad, especially the one regarding the housing market. Individual income and expenditure had a rise in February. Individual income rose by 0.2% compared to the estimate 0.1%. Personal income expenditure rose 0.1% versus the anticipated 0.2%.…

Continue Reading →

Learn How UAD/JPY Affect Symmetrical Triangle After Short-Term Uptrend

Regularly, the symmetrical triangles usually proceed from a strong explicit movement.They symbolize fortification before a continuity of the trend. At this time, the routine chart of AUD/JPY is determining a not-so-firm uptrend superseded by a two-week mold buildup. However, a vigorous breakout could indicate that the uptrend will restore to this currency pair. The triangle’s…

Continue Reading →