The DJIA was flat Friday closing the day down just 14.28 points. The week saw the DJIA gain 9/10th of a percent while most Global Equity Markets finished the week in negative territory. The Greenback gained as...
GBP/USD: Range bound trading continues. It is especially obvious when MA is moving horizontal. Notice on the daily Cable chart below that the 50 SMA has been horizontal since late July while the 100 SMA turned horizontal...
USD Investors continued to downsize their risk holdings as stocks and commodities slid again while the Dollar reaped the benefits for a second straight session. Many see this as an overdue bounce for the Dollar which has...
While all the major currencies continue to provide mix results, there is still one extremely strong in the market – the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However,...
EUR/USD: The EUR is sputtering once again after failing twice to gain momentum after breaching 1.50. We are closing in on some very pivotal handles on the EUR. Moving Averages are important not only because what they...
USDCAD’s fall from 1.0852 completed at 1.0416 level already. Now the rebound from 1.0416 could possibly be resumption of uptrend from 1.0206. Another rise to 1.1000 zone would more likely be seen in a couple of weeks....
USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards...
USDJPY is moving to 88.01 previous low, however, this level would more likely be held and another rise towards 94.00 is expected before breaking below 88.01 level. On the down side, below 88.01 could signal deeper decline...
AUDUSD stays in a rising price channel on daily chart and the price action from 0.9326 is more likely consolidation of uptrend from 0.7703. As long as the channel support holds, we’d expect uptrend to resume and...
GBPUSD dropped from 1.6875 and is testing the support of the rising price channel on daily chart, if give way, deeper decline could be seen to test 1.6251 key support, a breakdown below this level will indicate...
