EUR/USD: notices from Tokyo about French election

EUR/USD touched 1.776 just yesterday, its highest level in this months, near the next technical level of 1.0814, but volatility is increasing with the waiting of investors for presidential election in France, next weekend. Security will be a great focus in the run up to Sunday’s vote, after last attack in Paris claimed by Isis…

Forex, EUR/USD: 3 reasons to change perspective

Someone said that shorting EUR/USD on forex market is an outdated strategy, this could be true and the Euro-Dollar pair is going to rise to 1.08, bouncing from 1.06 or less with a triple bottom on the chart. The pattern appears clearly on the weekly time-frame and gives to EUR/USD a bullish perspective in the…

EUR/USD rises, DAX30 falls down: an exemplary correlation

Can a trader read the markets from two different perspective at the same time? The correlation between the EUR/USD pair and the German stock index DAX 30 offer this possibility and, today, their correlation was exemplary. The pair Euro-Dollar rose 90 pips and DAX 30 fell 206 points at the same time, showing a strong…

Forex, that’s why NZD/USD is going to fool the bears

The exchange rate between the US dollar and the New Zealand dollar may have misled most of the forex traders with its two-weeks fall, that could prove only a trap, that’s why the bearish traders are risking so much. The strength of the dollar in recent weeks has been fueled by the monetary policy decisions taken…