The US Dollar traded mixed wherein mild correction was seen in the Euro and the Aussie Dollar; though it has traded strong against the Cable, the gains faded by the end of New York close; where as...
07/06/2011 06:38 UTC GBP swings lower as it weakens against the USD, EUR, JPY, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may...
Tuesday started off relatively peaceful as full volume came into the markets. The EUR did trade a little weaker against the USD. Economic data coming from Europe and the U.S. proved disappointing, but not surprising considering the...
The steady, and dovish, monetary policy of the Reserve Bank of Australia (RBA) served the Aussie with little support in this week’s market as most participants await news from China and New Zealand to determine the direction...
The AUD/USD pair fell on Tuesday, but looked to find support at the 1.07 area. The pair is in a strong bullish market, so we prefer buying on the dips – at least until 1.05 gives way....
The EUR/USD fell hard in reaction to the Tuesday debt downgrade given to Portugal. The markets fell roughly 100 pips off of the announcement. However, it looks as if the 1.44 may be some kind of support,...
The pair is evolving in a trading range between 1,0450 and 1,0790. The upper bound of the range has offered a great resistance lately and we might see a continuation of the move towards the daily 20...
We got a breakdown of the shooting star on Tuesday, and if you were quick, you made good money. However, the 1.60 proved to be too supportive for the bears, and we bounced. However, we feel bearish...
The USD/CAD pair rose on Tuesday, even though the oil markets rose significantly. This doesn’t happen very often, and one would think that the CAD should appreciate because of the correlation. However, the 0.9650 area is crucial...
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 yesterday and we might see...
