The EUR/USD pair fell hard during the session on Friday as Spain announced it wasn’t going to meet the agreed upon budget measures that it signed with the EU. The worse than expected outcomes could be the...
USDCAD’s downward movement from 1.0422 extends to as low as 0.9841. Further decline is still possible next week, and next target would be at 0.9700 area. Key resistance is at 1.0050, a break above this level will...
After touching the lower line of the price channel on daily chart, USDCHF rebounded from 0.8931, suggesting that the downward movement from 0.9594 is complete. Further rally is still possible next week, and next target would be...
USDJPY continues its upward movement from 76.02, and the rise extends to as high as 81.86. Support is now at 80.00, as long as this level holds, uptrend could be expected to continue, and next target would...
AUDUSD moved sideways in a range between 1.0596 and 1.0844. Key support is at 1.0596, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.9663, one...
After breaking above 1.5928 previous high, GBPUSD pulled back from 1.5991. Further fall to test 1.5645 key support is expected next week, a break below this level could trigger another fall towards 1.5000. On the other side,...
EURUSD is facing the support of the upward trend line on daily chart, a clear break below the trend line will indicate that the rise from 1.2624 has completed at 1.3486 already, then the following downward movement...
The unemployment rate in Euro-Zone grew to 10.7% in January 2012.
The euro took further losses against its main currency rivals in trading yesterday, as pessimism in the euro-zone economic recovery caused investors to revert their funds back to the US dollar.
AUD/USD rose during the session on Thursday to test the 1.08 level again. The move has recaptured much of the Wednesday losses, and looks to be a build of pressure on the resistance level.
