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...
The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades,...
U.S. Dollar came under much downward pressure on Thursday as the main developing countries led by China increased talk on replacing the USD as the global reserve currency. This helped the greenback plummet against its main currency...
The U.S dollar slid 0.8% against the Yen for a second day on speculation the G-8 leaders may question the greenback’s status as the world’s reserve currency. Leaders from the G-8 most-industrialized nations are meeting in Italy...
Risk appetite among investors continues to fade ahead of the second quarter earning season. With growing fears over disappointing earnings numbers due too weak consumer consumption, investors continue to turn to the safe haven USD and JPY...
EUR/USD Recent Lows Hold The pair once again tested the support area in early trading today after choppy trading yesterday. USD/JPY Heading Towards Support In yesterdays post I wrote that the pair had to push above 95.40...
