The Australian dollar declined for a second day versus the greenback on concern Europe’s debt crisis is worsening. The AUD/USD moved south as Aussie declined for the fourth day against the yen on rising risk aversion with...
The British economy lacks fundamentals today, where eyes will be on BoE minutes for April’s rate decision, due later in the week, which included no change in the bank’s monetary policy. Thus, the movements of the royal...
The USD/CAD pair rose on Monday as investors headed for low yielding assets and shunned higher yielding ones; despite the lack of economic fundamentals, a huge wave of pessimism moved markets strongly, where China decided on Sunday...
The USD/CAD pair spiked today, but fell again as the 0.97 level showed how strong of a resistance area it really is. Because of the massive downtrend, we have been telling you this is a “sell on...
The GBP/USD pair fell rapidly today, only to bounce back up in the afternoon during American trading. Because of this, the pair now looks even more bullish over all, and could possibly is a longer-term buy waiting...
The USD/CHF pair rose today, showing strength off of the bottom as the market bounced again from the current levels. The 0.88 is once again proving to be massive support, but the pair is most certainly in...
The EUR/USD fell hard today, and even went so far as to break below the recent trend line. Because of this, it will be rough sailing for the bulls until some stability is found. It should be...
AUD/USD continues to show its resilience as it sold off hard today, only to rise in the end. The day still formed a bearish candle, although it was fairly hammer-shaped. Because of this, it looks like the...
Standard and Poor’s ratings agency shifted their assessment of US long-term debt from stable to negative yesterday, citing indecisiveness and inaction on the part of US policymakers. The statement has been commented on as overdue considering the...
U.S Dollar bounces from the all time low of 74.825 (DXM11) made on April 15, 2011. The Dow Jones Industrials (DJIA) fell from the historic resistance zone of 12400 ranges, resulting in correction in Euro, the Aussie...
