Dollar index recovers from the short-term support of 76.70, resulting in profit taking in most of the asset classes. Short-term trend is range between 77.80 and 76.40 where as the medium-term trend is range bound between 78.90...
Greetings. Let’s take a look at the GBP/JPY hourly chart. Look for a potential continuation of the downtrend to the 120.00 level and below. If we see a nice break of this level, we could see a...
Talk of a Greek exit from the EMU may have gone overboard. The new Greek Prime Minister Lucas Papademos has promised to carry out all of Greece’s obligations to receive European bailout funds. This may help to...
The Dollar Index again corrects from 78.00 ranges, resulting in appreciation of most of the asset classes especially the key equity index of the Dow Industrials (DJIA). Medium-term trend is range between 77.80 and 76.40. Immediate resistance...
USD/CAD fell during the Friday session as the oil markets took off. With this pair’s sensitivity to the price of oil, it was no surprise that there was demand for the Loonie. The parity level still sit...
The AUD/USD pair rose during the Friday session as the manic attitude of currency markets continues. The Greek swore in a new Prime Minister, and the Italians passed an austerity budget. The trading took this as the...
The USD/CHF pair fell a bit on Friday, but managed to find support at the 0.9000 level. The resulting candle was a hammer, and the market looks like it is ready to perhaps rise again.
GBP/USD rose during the Friday session in a parabolic manner during the US session as the major banks in America were closed. This created a thin market, and the traders took advantage of it. The market is...
The USD/JPY pair fell during the session as the Dollar got sold off against almost all currencies. The recent intervention in this pair has already been retraced by half, and we think that the unilateral nature of...
EUR/USD rose on Friday as the EU begins to take serious steps in resolving their debt crisis. The Greeks swore in a new Prime Minister, and the Italians passing new budget reforms. The pair rose rapidly during...
