The EUR/USD saw extremely high price volatility yesterday. When the pair reached its intra day high which coincided with the opening the New York trading session, it depreciated to its opening price for the day. Driving the...
The U.S. Dollar is increasingly being chosen over the Yen as the choice currency during times of heightened risk aversion. The contracting global economy helped to strengthen the Dollar yesterday as the Yen begins to lose favor...
USDJPY’s rebound from 87.12 extends to as high as 93.95 level. Further rise is expected to test 94.61 long term key resistance, a break above this level will indicate that the fall from 110.66 (Aug 15, 2008...
Today’s US Dollar Trading • TICS shows coverage, weak Empire fails to discourage USD bulls• USD holds gains but volumes are lower• Majors hold key support initially
Following the signing of President Barack Obama’s economic stimulus bill yesterday, the USD made modest gains against most of its currency rivals. In expectation of today’s housing data, the USD may continue to strengthen unless this news...
AUDUSD might be forming a cycle top at 0.6849 on daily chart. Key support is now at 0.6248, a break below this level will confirm the cycle top, and then deeper decline could be seen below 0.6008...
EURUSD breaks below 1.2706 support, suggesting that the medium term downtrend from 1.4719 has resumed. Further fall could be seen to test 1.2329 (Oct 28, 2008 low) support. As long as this level holds, we’d expect range...
The Dollar rallied yesterday on possible Interest Rate cuts in the Euro-Zone while in Japan GDP and an intoxicated Finance Minister helped push the Yen Lower.
It appears that actions taken by the new administration of President Barack Obama might help to restore confidence among investors in the United Sates economy. U.S. Treasury officials said on Saturday that the U.S. dollar is likely...
No changed in our view, USDCAD formed a sideways consolidation in a range between 1.1464 and 1.3015 for several months. The price action from 1.3015 is more likely a triangle pattern. Consolidation in a range between 1.1761...
