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Economic News

USD

USD Looks to Pick Up Steam Following the Labor Day.

EUR

EUR/GBP Reaches Record High.

JPY

JPY Future Uncertain after Surprise Resignation of PM Fukuda.

Oil

A Threat from the Sea.

Technical News

EUR/USD

Yesterday the pair has fully resumed its downtrend, as it breached through the 1.4560 level. Currently, all oscillators on the 4 hour chart are floating within bearish territories, another bearish session seems imminent. It appears that going short would be preferable.

GBP/USD

The cable is continuing to deliver coherent bearish signals, and is now traded around the 1.7930 level. On the daily chart, the current price has dropped beneath the Bollinger Bands lower boarder, suggesting that the pair should drop once more. Going short might be the right choice today.

USD/JPY

After a few days of falling prices, it seems that the pair has reached its bearish peak at 107.61. As all oscillators on the 4 hour chart are pointing up, a bullish correction might be impending. Going long with tight stops could be a good strategy.

USD/CHF

The pair is continuing to fluctuate within a restricted price zone, and failed to mark a significant breach. However, the Bollinger Bands on the daily chart are tightening, indicating that a sharp price movement should take place. Traders should wait for the breach and swing.

Source: FOREXYARD