A choppy day of trading took place on Monday for the USD and broad markets. The greenback traded in range against the EUR and GBP, but having started the day off on stronger footing it finished nearly...
The EUR maintained its range on Monday, this after starting the day on a weaker foot, but it found the ability to advance as the day progressed. There was little in the way of economic data yesterday,...
The Sterling lost a bit of ground to the USD on Monday, but this came after several strong sessions and its trading can be interpreted as a range. Today the U.K. will release Prelim Mortgage Approval and...
The JPY turned in a rather consolidated performance on Monday highlighting the amount of tentativeness within the broad markets. Asian investors have shown just as much caution as their international counterparts and the JPY remains in a...
OIL: Crude Oil is currently holding above the 50 day moving average where it has found temporary Support. However, Oil is still trading below the 100 and 200 day MA’s, as they act as near term Resistance....
The USD traded in a consolidated manner on Friday against the EUR and GBP, albeit at the weaker side of its range. Divergence has taken hold within the broad markets and this has occurred as U.S. data...
The EUR continued to keep pace on Friday and managed to go into the weekend with most of its gains intact after a strong performance from the days before. The EUR did move in a fairly tight...
The Sterling traded in a sideways pattern on Friday and finished off the week holding onto most of its gains. There was little economic data from the U.K. before going into the weekend and there will little...
The JPY continues to pick up steam and gain versus the USD as risk adverse trading being led by investors fleeing Asian bourses builds momentum. Trading is seldom a one way avenue, but the JPY’s strength highlights...
Psychologically important levels usually have to do with round figures. An example of a psychologically important level would be the EUR spot approaching 1.30 as opposed to 1.2984. These are levels where technicians need to allow for...
