The Greenback continued to show signs of weakening yesterday as the DXY closed just above 77. All majors gained on the Dollar with the exception of the Loonie. The NOK picked up 1.03% from Friday’s close. The...
USD/CAD for Forex Traders:The Loonie flirted with Dollar parity back in late October of 2009. However, the BOC stepped in and expressed its dismay over the Canadian Dollar strength, issuing harsh statements that a strong CAD would...
EUR/USD (Support & Resistance (S&R): The EUR has fallen roughly 6% since reaching its high for the year back in late November. Here are some key levels of Support and Resistance. A breach of these levels would...
In the overnight session, the Nikkei fell by almost a percent amid concerns that Japan Airlines may be headed for bankruptcy. This follows a rather flat day on Wall Street as the DJIA closed down 1.67 points,...
The Dollar continues to strengthen as global economies show signs of bottoming after surviving the financial crisis that has gripped the markets for the last 2 years. The DXY closed yesterday’s session at 78.25. The NZD yielded...
Well hopefully you entered this Short EUR position when the candle appeared below the 50 day MA. If you did then you are ahead 600 pips. The next question is how do I know when to exit...
Global Equity Markets were mixed on Tuesday as Dubai continues to sort out its debt repayment obligations. In the U.S Producer Prices climbed 1.8% which was more than double expectations. This caused stocks to retreat as it...
Key Support & Resistance (S/R) Levels: As the Greenback continues to rally heading into the end of the year we thought it would be a good time to review a couple key S/R levels. Traders generate S/R...
NZD/USD:The New Zealand Dollar is starting to falter and like most of its G-10 counterparts it is holding at pivotal levels against the Greenback. One slip either way may send the currency tumbling or ready to resume...
World Equity Markets gained some ground Monday amid assurances from Abu Dhabi that they would provide $10 billion in immediate financial aid to ensure Dubai World meets its $4.1 billion debt obligation due yesterday. The DJIA closed...
