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NewsDespite undeniably improving fundamental data, investors continue to question the sustainability of the recovery. In the week, volatility spiked higher, taking the VIX close to 30 before easing, while currency liquidity remained thin, most ranges held, and gold spiked to close at US$993.65. The RBA left rates at 3.0% and issued a cautious statement, as [...]
Often during the summer doldrums, the forex trading market flirts with psychologically important highs and lows. The traders remaining within the market take advantage of the Northern Hemisphere’s holiday-thinned volumes and higher volatility, pushing and testing support and resistance levels. By their nature, these significant highs and lows sometimes prove insupportable, unable to hold as [...]
Financial and forex markets currently appear undecided at best and schizophrenic at worst. One day markets trade on the “recovery story,” with stocks and commodities rising while bonds fall, causing growth currencies such as the Australian, Canadian, and New Zealand dollars to appreciate against the safe-haven currencies such as the U.S. dollar, Japanese yen, and [...]
