When a trend reverses, it can happen in a number of ways. It could simply turn around, without any warning. In most instances a parabolic price run up is needed, something that does not take place too often or truly major fundamental news must hit the wires. Most of the time, though, price action provides [...]

Early on Tuesday the Reserve Bank of Australia holds its regular policy meeting, during which interest rates are decided. Currently the benchmark stands at 4.75 %, the highest among the major economies. General expectation is for rates to remain unchanged, but as always the language of the announcement will be scrutinized for signs of “hawkish” [...]

After weeks of threats and posturing, the Bank of Japan finally made good and intervened in the currency markets. The goal is to weaken the Yen, push it lower and satisfy demands of Japanese exporters, who had been demanding action. Last nigh, early during the Asian session the BoJ/MoF started to buy the Dollar. While [...]