GBP/USD: Range bound trading continues. It is especially obvious when MA is moving horizontal. Notice on the daily Cable chart below that the 50 SMA has been horizontal since late July while the 100 SMA turned horizontal...
USD Investors continued to downsize their risk holdings as stocks and commodities slid again while the Dollar reaped the benefits for a second straight session. Many see this as an overdue bounce for the Dollar which has...
While all the major currencies continue to provide mix results, there is still one extremely strong in the market – the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However,...
EUR/USD: The EUR is sputtering once again after failing twice to gain momentum after breaching 1.50. We are closing in on some very pivotal handles on the EUR. Moving Averages are important not only because what they...
USD/JPY Open 88.92 High 89.44 Low 88.64 Close 88.95Dollar/Yen made an indecisive movement on Thursday, forming divergence on the 3 hour chart, than continued descending from the 89.44 top, closing the day at 88.95. On the 1...
GBP/USD Open 1.6652 High 1.6746 Low 1.6589 Close 1.6664Pound/Dollar made descending movement on Thursday, as expected, reaching a bottom at 1.6607 and closing the day at 1.6664. On the bigger picture on the 3 hour chart quotes...
EUR/USD Open 1.4912 High 1.4955 Low 1.4844 Close 1.4924Euro/Dollar made a significant bearish movement on Thursday, reaching a bottom at 1.4844, but failing to go below the important 1.4800 support level, closing the day at 1.4924. On...
The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the...
USD The US Dollar reversed its downward trend on Thursday after Federal Reserve members downplayed the fall of the US currency in the past few months by reminding investors that deflation is still a real threat. The...
Global Equity Markets were mixed across the board yesterday. In the U.S, the DJIA recovered most of its losses after losing nearly 100 points following the poorer than expect housing data numbers. Housing Starts came in at...
