The USD/CAD pair rose sharply during the Monday session as the global risk appetite waned. However, by the end of the day the pair had pullback on much of its gains, and had formed something along the...
Market review for 9 – 13.07.2012
The short term outlook for the aussie is uncertain: it has fallen sharply this morning and it may continue lower until it reaches the trend-line at around 1.0235. A deeper penetration would hit the 100-day MA at...
The USD/JPY pair has broken out of the channel it has been trading inside and sold-off down to the monthly pivot at 78.05. It has broken just below the pivot and it may continue even lower. The...
The eurodollar pair has gapped down today and fallen to support at the current 1.2095 level where the monthly and weekly pivots are both situated together. The gap was probably of the break-away variety and it is...
The American currency climbed by 97 pips against the Swiss franc as the US economy is pictured to grow even at a slow pace. Though the policy fog, the problems in Europe, the global slowdown are making...
The slowdown of the Chinese economy was confirmed by the release of the GDP figures earlier this month, showing a growth rate of only 7.6 percent in the second quarter of this year, the slowest pace in...
Renewed concerns regarding the debt situation in Spain sent the euro plunging to fresh lows against several of its main currency rivals, including the US and Australian dollars and the Japanese yen on Friday.
After consolidation, USDCAD continues its downward movement from 1.0445, and the fall extends to as low as 1.0065. Further decline would likely be seen over the next several days, and next target would be at 1.0000 area....
USDCHF’s uptrend from 0.9421 extends to as high as 0.9886. Further rise could be expected over the next several days, and next target would be at 1.0000. Key support is at 0.9740, only break below this level...
