Month: July 2009

Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock market rally seen yesterday may have been...

EUR/USD The pair continues to range (so far) within in a 120 pip range over the last couple of days.  A breakout will eventually occur, with the bias being higher overall. Resistance is at 1.4260 with a...

EUR/USD Uptrend Remains: After chopping trading yesterday the pair is still holding above some important support levels which indicates the pair is likely to continue higher. Support is at 1.4160, 1.4140 and beyond that 1.4100. A break...

The U.S Dollar rose against most other major currencies Tuesday, as comments by Ben Bernanke eased concerns that policy-makers won’t act decisively to head off inflation spawned by efforts to counter the credit crisis. The Federal Reserve...

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...