USD/JPY continues to trade in a 100-pip range on Tuesday as traders are willing to consolidate instead of take on the Bank of Japan by selling this pair. The pair has been extremely reliable from a scalping...
Stock markets, commodities and other riskier assets rallied Tuesday on hopes the European officials will soon reach an agreement on measures for handling the Euro-Zone debt crisis.
Bargain buying was witnessed in most of the asset classes especially the equities though the major trend is still bearish, as a result of which, the Dollar Index is finding stiff resistance in the ranges of 78.85-79.00...
Following several days of sharp declines, yesterday’s session brought trading correction all over the globe. In the forex market, the euro managed to correct losses against the U.S. dollar, rebounding from a 10-month low. In commodities trading,...
USD/CAD rose back above the 1.03 handle on Monday, only to fall back below it later in the session. The rebound that the oil markets saw certainly played a part in this, and the pair looks like...
AUD/USD fell hard on Monday, but managed a large bounce in the US session to form a hammer at the 0.97 support level. The level looks like it is going to produce a bounce, and this would...
USD/CHF rose a bit during the Monday session, only to be repelled for the second time in three sessions. The 0.9000 level sits just below, and it looks like it wants to hold this pair up at...
GBP/USD had a strong day on Monday as traders bought risk around the globe. The cable popped back over the all-important 1.55 handle, and it looks like the area is going to be massively supportive at this...
USD/JPY had a fairly quiet day again on Monday, with a slightly negative bias to it. The pair is still being held afloat in the 76 area, as traders simply haven’t been able to test the resolve...
EUR/USD had a wild back and forth day on Monday as traders continue to weigh everything European. The end of the US session received an announcement that the Europeans are in the middle of formulating a large-scale...
