A sharply drop had brought price back to as low as 1.0376, suggesting that lengthier consolidation of the uptrend from 0.8066 (2010 low) is underway. Deeper decline is still possible next week, and target would be at...
GBPUSD remains in uptrend from 1.5781, the fall from 1.6475 is treated as consolidation of uptrend. As long as 1.6223 support holds, uptrend could be expected to continue, and next target would be at 1.6600-1.6700 area. On...
EURUSD formed a cycle top at 1.4535 on daily chart. Deeper decline towards the lower border of the channel is expected in a couple of weeks. Key resistance is now at 1.4535, only break above this level...
The US Dollar traded mixed amidst huge sell in most of the asset classes; after the intervention in the Swiss Franc, BoJ has intervened to weaken the Japanese Yen. The Dollar Index again took support in the...
Most significant on today’s calendar will be the US publication of its Non-Farm Payrolls (NFP) data. Should today’s news foreshadow a modest growth in the largest economy’s employment sector, an assessment that seemed nigh impossible just days...
The AUD/USD pair fell apart on Thursday as traders ran from anything risk-related. The 1.05 area is starting to give way, and if they do – 1.02 will be in the cards almost right away.
The EUR/USD pair fell on Thursday as the trading community ran for the hills. The ECB basically said nothing at its conference call on Thursday, and that spooked the markets.
GBP/USD fell precipitously on Thursday as traders found nothing but a wall of fear out there. The markets have turned decidedly bearish, and the Dollar is a bastion of safe haven trading. The jobs report us due...
The USD/CAD skyrocketed during Thursday trading as oil markets sold off. The CAD is highly sensitive to oil pricing, and as such we think that the pair could rise even more as we try to reach parity.
The USD/CHF rose, and then fell as the markets around the world were rocked on Thursday. The 0.76 level looks like it is holding the pair up at the moment, so if that area gives way –...
