GBPUSD is in range trading between 1.3503 and 1.4985. Deeper decline to test 1.3503 previous low is still possible next week. However, this level will more likely be held, and rebound is expected before breaking below this...
EURUSD broke above the resistance of the falling wedge pattern, suggesting that a cycle bottom is being formed at 1.2456 on daily chart, key resistance is located at 1.2991, a break above this level will confirm the...
The finance ministers and central bankers from the top 20 industrialized nations are set to begin another economic summit today in which a multitude of recent concerns about the economy will likely be addressed. These meetings, which...
During yesterday’s early afternoon hours, Crude Oil received a hasty sell-off when investors unwound their positions for riskier assets. With a recent boost to equity markets, the USD has also found itself losing strength to a number...
Today’s US Dollar Trading • USD volatility continues but majors hold gains• S/R tested and some pairs hold• Stops seen in USD/JPY and a weak close
With few economic indicators expected to be released today, all eyes have turned to the Reserve Bank of New Zealand (RBNZ) as it positions itself to cut short-term interest rates by an expected 50 basis points. New...
Today’s US Dollar Trading • USD weakens in early New York, rallies to end the day• Traders note unexpected action and stops driving trade• Volumes lighter on the rally, volatility likely scares off some traders
USDCHF breaks below 1.1459 key support, suggesting that a cycle top has been formed at 1.1883 level on daily chart and the rise from 1.0366 has completed at this level. Deeper decline is now in favor and...
Today’s US Dollar Trading • USD lower in Asia, firms into New York and holds• New highs in CAD but USD ends mixed• Traders note solid bids in some pairs on the dip
The Dollar is likely to go volatile during and following the speech by the U.S. Federal Reserve Chairman Ben Bernanke today at 12:30 GMT. Meanwhile, forex traders are advised to take positions on trades, as a string...
