EUR/USD The pair managed to break above 1.4200 yesterday. This sets up for a likely test of the May high at 1.4340 (not necessarily today). 1.4240-1.4250 is a resistance area as well as 1.4270. Support is at...
Yesterday’s rally on Wall Street, which led to a devaluation of the major safe-haven currencies such as the USD, was led by a decision from CIT, a large financial firm, in favor of a $3 billion bankruptcy...
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level. A break of that resistance level would target May highs at...
The U.S. dollar has ceded further ground on Monday as concerns about the U.S. economy abated and broadly improved corporate earnings lifted risk appetite and regional stock markets. The weak U.S. dollar had traders pushing up commodity...
The forex market is set to go very volatile on the release of Building Permits data from the U.S. In turn, this is likely to be crucial in determining the Dollar’s strength, as this week’s trading comes...
EUR/USD The pair did push above some resistance within the longer term range yesterday which indicates a push towards 1.4200 is likely. Support is at 1.4040 and 1.400. A bounce is likely off these levels, but there...
Crude Oil prices remain steady at above $61 a barrel on Thursday, after gaining 3.4% in the previous session. Oil’s gains on Wednesday came after the Energy Information Administration (EIA) showed a bigger-than-forecast drop in Crude supplies...
EUR/USD The pair continued it's doldrums yesterday moving in a choppy fashion once again. Being in the middle of the range this is likely to continue. Minor support is at 1.3960, 1.3930, 1.3910 and beyond this 1.3875....
Surprising the market yesterday was the release of the German ZEW Economic Sentiment report which showed confidence throughout the Euro-Zone’s largest economy had plunged throughout the previous month, highlighting that economic fundamentals have finally hit home the...
The Yen slid against its major currency counterparts and the Dollar posted mild losses against all currency pairs except the Yen following a rally in global equity markets. The rally prompted investors to turn to higher yielding...
