AUDUSD continues its downward movement from 1.0474, and reaches as low as 0.9795. Further decline would likely be seen next week, and next target would be at 0.9600 area. Resistance is at 1.0000, only break above this...
GBPUSD breaks below the upward trend line on daily chart, and reaches as low as 1.5732, suggesting that the upward movement from 1.5236 has completed. Further decline would likely be seen next week, and next target would...
EURUSD is facing the 1.2624 support, a breakdown below this level will indicate that the long term downtrend from 1.4938 (May 4, 2011 high) has resumed, then further decline towards 1.1500 could be seen. Resistance is at...
The Gold futures pulled back sharply in 2.41 % move to $ 1575 per ounce.
While the euro remained bearish against its main currency rivals throughout yesterday’s trading session, it avoided falling to a new four-month low against the US dollar.
Is there anyone who does not know the Europeans have a severe debt crisis which has the potential to engulf the world in one more financial melt down?
The USD/JPY pair broke hard to the downside on Thursday as the market entered into the “safe haven” mode yet again. The issues in Europe have the markets nervous at best, and rumors during the session that...
USD/CAD shot straight up during the Thursday session as the “risk off” trade continued. The oil markets still look weak, but they are starting to stabilize just slightly. This pair hasn’t shown signs of slowing down, and...
The GBP/USD pair fell extremely hard during the Thursday session, and the 200 day exponential moving average has now given way to the bears. The pair looks like a sell only market at the moment, and is...
EUR/USD fell yet again on Thursday as the fears of traders continue to push this pair much lower. The reality is that there is a serious chance of Greece leaving the European Union now, and this has...
