U.S. stocks and commodities slid sharply Wednesday as disappointing data on the services sector and jobs overshadowed enthusiasm on corporate deal-making. We don’t think it’s the start of a bear market, but the chances of a near-term...
Commodity prices broke downward yesterday as Gold, Crude Oil, and Silver all declined. Gold is certainly still within the higher realms of its trend and it might be foolhardy to consider its upward momentum a thing of...
EUR/USD Time: 00.30 Rate: 1.4827 Strategy: short Daily time frame
AUD/USD had a sharp drop in value today, finding the 1.07 support area in the process. The pair needed this fall, and this could present itself as a buying opportunity. However, we want to see support hold...
Let’s pull another one of our favorites – the NZD/JPY. Don’t forget we may see a little slow down in the JPY as Japan celebrates Children’s Day.
Markets will approach the BoE’s rate decision to see the bank’s action in the month of May to see whether they will continue on holding both interest rate and APF unchanged at 0.50% and 200 billion pounds...
The Swiss economy lacks fundamentals today, thus main highlight will be on US data. At 12:30 GMT, the U.S economy will release initial jobless claims for the week ending April 30 and continuing claims for the week...
The USD/CAD pair rose on Wednesday where falling commodity prices including oil and gold weighed down on the Canadian dollar and pushed the USD/CAD pair to the upside, where despite the general weakness of the U.S. dollar,...
The EUR/USD regained the bullish momentum to move to the highest in 17 months on future monetary tightening and speculation ahead of Thursday rate decision.
The USD/CAD pair rose for the third day in a row, as the commodity markets fell hard yet again today. The Loonie is still favored over the Greenback, and this should only represent a selling opportunity, as...
