USDOn Friday, US data releases were mixed though were generally disappointing at the margin. December CPI was slightly below forecast, rising just 0.1% m/m with core also up 0.1% m/m though year-on-year comparisons ticked sharply higher as...
GBP/USD Open 1.6288 High 1.6355 Low 1.6229 Close 1.6259Pound/Dollar corrected on Friday down from the 1.6355 top to 1.6231, closing the week at 1.6259. This morning Cable started climbing again, exerting pressure on the Dollar, and if...
After consistently dropping last week, the Dollar’s downtrend appears to be halted. The Dollar is currently rising against the Euro, and considering Crude Oil’s surprising drop, it seems that the Dollar has the potential to rise further....
EUR/USD Open 1.4370 High 1.4507 Low 1.4335 Close 1.4353Euro/Dollar dropped on Friday after a report from China showed a tightening of credit in the housing sector and the withdrawal of foreign investment earlier last week, causing demand...
USDCAD is testing 1.0206 previous low support. Break below this level would more likely be seen next week and next target would be at 1.0000 area. Resistance is at 1.0420, as long as this level holds, downtrend...
USDCHF might be forming a cycle bottom at 1.0132 level on daily chart. Key resistance is located at 1.0420, a break above this level will confirm the cycle bottom, then another rise towards 1.0600-1.0700 could be seen....
USDJPY broke below 91.25 support. Deeper decline to 89.00-90.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at 92.20, a break above this level will indicate that a cycle...
AUDUSD’s bounce from 0.8734 extended to as high as 0.9327 level. Further rally to test 0.9404 resistance is still possible next week. However, pullback would more likely be seen before breaking above this level. Support level is...
GBPUSD broke above the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 1.5829 on daily chart. Now the pair is back to range trading between 1.5708 and 1.7042. Bounce to...
EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend...
