Yet again, the Monday session saw the USD JPY pair break out to the upside. We continue to bang against the 115 level, which of course is a large, round, psychologically significant number.
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The WTI Crude Oil markets struggled yet again during the session on Monday, as we initially tried to break out to the upside and climb above the $80 handle.
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Get the GBP/USD Forex signal for November 11, 2014 here.
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Get the EUR/USD Forex signal for November 11, 2014 here.
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Check out the USD/JPY Forex signal for November 11, 2014 here.
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The XAU/USD pair fell over the course of the day on Monday, giving up some of the recent gains, as the global stock markets advanced and the greenback rebounded.
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Gems, an Israeli messaging app announced recently that it will be accepting Bitcoins as a form of payment. They released a statement that are trying to bring Bitcoin to the masses as they believe that Bitcoins have a bright future ahead.
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McDonald's Corporation (NYSE:MCD) is one of the many fast-food joints that continues to benefit a great deal from system upgrades in order to support online orders.
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Check out the NZD/USD Forex signal for November 10, 2014 here.
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The EUR/USD pair bounced during the session on Friday, reaching towards the 1.25 handle. This of course suggests that we could get selling pressure soon, and as a result I am looking for a resistant candle in order to take advantage of the longer-term downtrend.
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The GBP/USD pair bounce slightly during the session on Friday, as the market took a little bit of a breather from the extreme dollar bullishness. With that being the case, we could very easily bounce back to the 1.60 level which is an area that was significantly supportive in the past.
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The USD/JPY pair fell back a little bit during the session on Friday as the 115 level offered enough resistance to force the market a little bit lower.
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The AUD/USD pair had a positive session on Friday, bouncing just above the 0.85 handle. Because of that, it appears that the market should find sellers above, and it’s only a matter of time before we should see a resistant candle in order to take that trade.
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Check out the USD/JPY Forex signal for November 10, 2014 here.
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