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News Update

AUD/USD Technical Analysis – April 25, 2014 Forecast

Apr 24 2014
Support for the AUD/USD continued to erode on Thursday, setting up the market for further downside action. The first targets are a pair of uptrending angles at .9254 and .9243. Since topping at .9460, the Aussie has been walking a downtrending angle at .9240 today. The combination of the uptrending and downtrending angle makes .9243 […]

Spain’s Economy Expands 0.4 Percent as Industrial Output and Consumer Confidence Rise

Apr 24 2014
Spain’s economy grew faster than expected in the first quarter as business confidence rose while the job market improved. Gross Domestic Product rose 0.4 percent from the quarter ending December, when it expanded 0.2 percent, revealed the Bank of Spain in its monthly report released on Thursday. The results exceeded the median estimate of 0.3 […]

EUR/USD Mid-Session Technical Analysis for April 24, 2014

Apr 24 2014
Daily EUR/USD Technical Analysis The EUR/USD is trading lower at the mid-session. Volatility is high and there have been some sizable intraday swings. The main trend is down on the daily chart. The main range is 1.3672 to 1.3905. The retracement zone created by this range at 1.3788 to 1.3761 has held as support for […]

Bearish Draghi Comments Pressure EUR/USD

Apr 24 2014
The EUR/USD weakened on Thursday after European Central Bank President Mario Draghi reiterated the central bank’s concern about the relatively high exchange rate. He also added that further strength could mean the ECB would implement fresh stimulus in an effort to weaken the currency. Furthermore, Draghi said that if inflation continues to underperform in the […]

E-mini Russell 2000 Index (TF) Futures Technical Analysis – April 24, 2014 Forecast

Apr 24 2014
The June E-mini Russell 2000 Index futures contract is called steady this morning. The index traded higher most of the pre-market session, but couldn’t follow-through to the upside. The main range is 1191.10 to 1090.80. The retracement zone of this range is 1141.00 to 1152.75. The index has tested this zone the past three days. […]

E-mini Dow Jones Industrial Average (YM) Futures Analysis – April 24, 2014 Forecast

Apr 24 2014
June Dow Jones Industrial Average futures are called better this morning based on a firm and steady overnight trade. The first upside target is a downtrending angle at 16522, followed by the main top at 16574. A break under the angle at 16470 will be the first sign of weakness. This could lead to an […]

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – April 24, 2014 Forecast

Apr 24 2014
June E-mini NASDAQ-100 Index futures are trading higher this morning. The main trend turned up on the daily chart on Wednesday when the market crossed the last swing top at 3599.50. The nearest support angle is at 3596.75. A failure to hold this angle could trigger a break into the Fibonacci level at 3568.00. On […]

E-mini S&P 500 Index (ES) Futures Technical Analysis – April 24, 2014 Forecast

Apr 24 2014
June E-mini S&P 500 Index futures continued to grind higher overnight, putting it in a position to test the recent main top at 1892.50, once it chews through a pair of potential resistance angles. The low volatility has been helping the market because it tends to indicate profession buying rather than speculative. Overnight, the index […]
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