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1 August 2014 - Categories: fundamentals By Steve Halverson - Comments: 0
Argentina Debt Default Ignored by FX Traders?

Argentina Debt Default Ignored by FX Traders?

Earlier this week, it was announced that Argentina is officially defaulting on its debt obligations after failing to reach a resolution from the last-minute negotiations. This is the country’s second time to default on its debt, as its first default 13 years ago eventually resulted to another default this year. Apparently, creditors who bought up

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1 August 2014 - Categories: technical analysis By Steve Halverson - Comments: 0
More Gains for USD/JPY? - August 1, 2014

More Gains for USD/JPY? – August 1, 2014

USD/JPY has been making strong rallies recently and it appears that the pair could be in for more gains before the end of the trading week. Recall that price has moved past the top of the descending triangle on its 4-hour forex time frame, indicating that a longer-term uptrend is in the cards. The chart

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30 July 2014 - Categories: fundamentals By Steve Halverson - Comments: 0
What to Expect for the July NFP Release

What to Expect for the July NFP Release

The US is set to release the latest labor figures for the month of July and possibly indicate a consistent growth in hiring. After adding 288,000 jobs in June, the report could show a 230,000 rise in employment for July, which might be enough to keep the jobless rate steady at 6.1%. Stronger than expected hiring

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30 July 2014 - Categories: technical analysis By Steve Halverson - Comments: 0
NZDUSD Support at Rising Trend Channel - July 30, 2014

NZDUSD Support at Rising Trend Channel – July 30, 2014

NZD/USD has been selling off strongly in the past few days, yet technical indicators suggest that relief rally might happen as the pair is finding support at the bottom of the rising channel forming on its 4-hour forex time frame. Stochastic has already reached the oversold zone, indicating that a bounce might be in the cards,

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29 July 2014 - Categories: technical analysis By Steve Halverson - Comments: 0
Potential Selloff for CAD/JPY - July 29, 2014

Potential Selloff for CAD/JPY – July 29, 2014

CAD/JPY has been making lower highs and finding support at the 92.00 handle, creating a descending triangle pattern on its daily time frame. Resistance at the top of the triangle near the 96.00 major psychological level held so far, and price could make its way back down to the bottom. It appears to be stalling

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