U.S GDP Data Results In Appreciating Dollar.

Economic News

USD

Dollar Looks to Continue Profits after Yesterday's Strong Session.

EUR

Despite Positive Data - EUR Loses Ground.

JPY

JPY Bullish On Good News from Japan.

Oil

Storm Turns Out To Be A Double-Edged Sword For Oil Prices.

Technical News

EUR/USD

The pair is continuing to provide mixed results, and has consolidated around the 1.4720 level. A bearish cross on the one hour chart's Slow Stochastic suggests that a bearish move is imminent. Going short with tight stops might be the right choice today.

GBP/USD

There is very accurate bearish channel forming on the daily chart, as the cable is now floating in the middle of it. As all oscillators are pointing down, another bearish move might take place. Going short could be the right decision today.

USD/JPY

The 4 hour chart shows that the pair is continuing to fluctuate within a restricted price zone. A bearish cross on the 4 hour chart's Slow Stochastic is indicating the ignition of a bearish momentum. Going short might be preferable today.

USD/CHF

The 4 hour chart shows that the pair is moving with no distinct direction, and has consolidated around the 1.0970 level. As all oscillators are giving bearish signals, it seems that going short might be the right strategy.

Source: FOREXYARD