Find detail in this PDF ...Forex_Insight_040814.pdf
EUR/USD should be bought on dips today. A daily close above 1.3455 shall open doors for 1.3485 levels. Fresh demand for Euros could be seen around 1.3390-1.3370 with stops placed below 1.3348.
GBP/USD Buy on dips is a good strategy for the day. Pair…Continue
Done with Football fever. Congratulations to Germany for a victory full of Germanic Efficiency !
Yen - 2-day BOJ meet kicks off
Bank of Japan shall come out with policy statement tomorrow. No major announcement on policy front is expected from BOJ hence the outcome will largely be a non event.
The ten year treasury yields have rose marginally to 2.54% which explains…Continue
USD/JPY - Yen stands to be the biggest beneficiary
The lackluster USD/JPY pair is finally seeing some movement on the downside after horrible US first quarter GDP number. It is known fact by now that weak GDP would be blamed on extreme weather, however that argument should be bought with pinch of salt. US ten year yield has eased to 2.54% pushing USD/JPY lower to 101.70.
I had mentioned yesterday that I would prefer to Sell USD/JPY on rise and I…Continue