The USD and JPY regained their status as safe-haven currencies after the release of worse than forecasted economic data from the Empire State Manufacturing Index and TIC Long-Term Purchases reports and a subsequent return to risk aversion....
EUR/USD Breaks Support The pair broke below the 1.3800 level. A sustained break of this level points to a further decline in the rate as indicated by the topping pattern. So far the pair has managed to...
EURUSD breaks below 1.3793 key support, suggesting that a cycle top has been form at 1.4338 level on daily chart and the uptrend from 1.2884 has completed. Deeper decline is now in favor and first target would...
The EUR came under selling pressure against the greenback on Monday after the UK Daily Telegraph reported on its website that Germany’s top industrial group has warned that Germany’s credit crunch is deepening. The dollar also drew...
EUR/USD Bigger Correction? The pair failed to hold above the 1.4150 last week and is now heading towards the lower extent of the range. Support should be found at 1.3940, 1.3900 and beyond that 1.3800. A move...
They say if you walk the same path as others do, you reach the same destination. People succeed enormously by doing things differently and not by doing different things that others do.
Ever been able to listen to anything when there is a lot of noise? Ever been able to think clearly when there is a rock band playing? Ever been able to speak or be heard over a...
USDCAD is forming a cycle top at 1.1289 level on daily chart. As long as 1.1289 resistance holds, we’d expect the downtrend to resume and further fall towards 1.0400 zone is possible. However, above 1.1289 level will...
USDCHF is forming a cycle top at 1.0986 level on daily chart. Range trading between 1.0590 and 1.0986 is expected next week. A break below 1.0590 key support will confirm the cycle top and signal resumption of...
USDJPY might be forming a cycle top at 98.88 level on daily chart. Pullback towards 95.00 is possible in next several days. However, above 98.88 will indicate that the uptrend from 93.85 has resumed, and further rally...
