Thursday, 27th November 2014

Infineon reported strong fiscal year

The German chip-maker Infineon reported strong fiscal year, powered by the strong demand for semiconductors for various applications. The company, which is listed in German Dax index, increased its revenues in sales and profits. The net profit of Infineon for the fiscal year increased by 27% to 181 million EUR. The analysts expected profit of […]


GBP/USD Forex Signal

Check out the GBP/USD Forex signal for November 27, 2014 here.

EUR/USD Continues to Rally

The EUR/USD pair rallied during the session on Wednesday, breaking back above the 1.25 level during the day. However, I believe that there is a massive amount of resistance at the 1.26 level.

GBP/USD Rallies During Last Session

The GBP/USD pair broke higher during the course of the day on Wednesday, clearing the resistance that we had seen recently, and tested that the 1.58 level.

USD/JPY Slowed Down on Wednesday

The USD/JPY pair fell slightly during the course of the session on Wednesday, but at this point in time it looks as if the market is simply ready to go sideways.

AUD/USD Formed a Nice Hammer

The AUD/USD pair initially fell during the course of the day on Wednesday, breaking down below the 0.85 level at one point in time. There was plenty of support below, so we ended up turning the market around to form a hammer, which of course is a very surprising and supportive candle.