ForexLive Americas Wrap: 100 Ways to Watch a Chart

Forex trading headlines for April 11, 2013: USD/JPY touches 99.95 Initial jobless claims 346K vs 360K exp Canadian Feb new house price index +2.1% vs +2.1% y/y exp US Treasury Secretary says recovery ‘remains fragile' US 30-year bonds sell at 2.998% vs 2.995% exp Russia lowers 2013 GDP forecast to 2.4% from 3.6% Fed's Plosser calls for reducing bond buying in next few months Boehner: Obama budget a ‘step back' from earlier agreements S&P 500 up 0.3% to 1592 NZD leads, JPY lags USD/JPY fell early in US trading with large blocks of option expirations at 99.00 and 99.50 weighing. Afterwards, like clockwork, the pair began to move higher. Fresh record highs in stocks further fueled the move. The afternoon was spent staring at the chart as it ticked around 99.90. No breakout yet. There was lots of talk as Bitcoin crashed today. I don't know if it's a currency with a point but but there are some valuable lessons in how it's traded this week.