AUDUSD broke above 1.1011 previous high and reached as high as 1.1080. Minor consolidation would likely be seen, and the trading range would be between 1.0850 and 1.1080. On the upside, a break above 1.1080 will signal...
GBPUSD’s upward move extended to as high as 1.6470. Further rise is still possible next week, and next target would be at 1.6600-1.6700 area. Support is now at 1.6260, as long as this level holds, uptrend from...
Being contained by the upper border of the price channel on daily chart, EURUSD pulled back from 1.4535, suggesting that a cycle top is being formed. Range trading between 1.4050 and 1.4535 would likely be seen in...
S&P downgraded Greece rating for 2 levels.
A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...
The EUR/USD pair has fallen on Thursday as the traders around the world have been punishing the European bond markets. The Italian yields were rising yet again during trading, and as such, the EUR/USD has been falling.
The GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a...
The USD/CAD pair fell and then bounced from the 0.9450 level on Thursday, perhaps suggesting that we are ready to bounce even higher.
The USD/CHF pair continued to tread water on Thursday as the markets are seemingly focused on only one thing right now: the US debt talks.
