The BoE is one step closer towards additional quantitative easing (QE) with the release of the Bank of England’s inflation report. Growth is expected to be flat as austerity measures weigh on the UK economy. Deterioration in...
Dollar index continued recovery from the short-term support of 76.70; which resulted in profit taking in most of the asset classes. Short-term trend is range between 78.80 and 76.40 where as the medium-term trend is range bound...
Greetings. Let’s take a look at the USD/JPY chart. We’re seeing a down movement but it looks like the pair may be getting ready for a potential upward turn. Look for the pair to potentially test the...
The Euro continues its downtrend. The U.S. economic stats contributed to the increase of U.S. Dollar.
The AUD/USD pair fell on Tuesday, but bounced at the end of the session to form a hammer. The bullish candle looks as if it is reiterating the support at the 1.01 level. The pair has been...
USD/CHF rose during the Tuesday session as the “risk off” trade continued to push traders towards the US dollar. The pair is supported by the Swiss National Bank as the central bank is working to keep the...
The GBP/USD pair fell hard on the Tuesday session as traders continue to sell off the Pound and run to the safety of the US dollar. The pair also broke the bottom of two weekly hammers during...
USD/JPY initially spiked during the Asian session on Tuesday, only to spend the rest of the day falling. The downtrend remains intact as usual, and the selling should continue. However, we are getting to retrace about 50%...
EUR/USD fell hard on the Tuesday session as worries about Italian debts continues. The 10 year Italian bond has closed above the 7% level, an area that many people consider “unsustainable”. This should continue to fuel the...
The USD/CAD spiked during the session on Tuesday as traders bought into the safety trade. At the same time, the oil markets recovered to build up an attempt at the $100 mark, which is very supportive for...
