The AUD/USD pair fell during the session on Monday as the 1.04 level has given way. The market appears like it is one seems to accelerate to the downside, but the 1.03 level should provide some type...
The USD/CAD pair fell during the session on Monday, but managed to bounce in order to form a hammer by the end of the trading day. Interestingly enough, the oil markets looked relatively weak on a day...
Commitments of Traders (COT) Report. Specs continued to buy the Australian and the Canadian Dollars. The aggressive acquisition of these two currencies, plus, to a small extent, the NZ$, almost negates the big positions the specs have...
The euro saw slight gains against several of its main currency rivals yesterday, despite a worse than expected German Ifo Business Climate figure that signaled a possible slowdown in the euro-zone’s strongest economy.
The US Dollar is trading flat after finding support at 81.20 with 82.00-82.30 being interim resistances. Further weakening of the Greenback is expected only on daily close below 81.00 ranges.
With the Euro Zone economy continuing to take a hit from the heightened uncertainty over a way forward for the debt crisis plaguing the region, the Euro is deemed to lose ground opposite the British pound today.
The euro fell against the US dollar for the first time in a week on Friday, as questions regarding how the European Central Bank plans on containing the euro-zone debt crisis led to risk aversion in the...
The EUR/USD pair fell during the Friday session as the 1.25 level was pierced below. The pair has recently reached the top of the channel that’s been trading and, and formed a shooting star on Thursday. This...
The USD/JPY bounced on Friday as the market formed a hammer. This hammer is in the middle of quite a bit of support from 78 to the 78.75 zone, and as such this looks like a good...
The GBP/USD pair fell heavily on Friday as the market retested the 1.58 level for support. Looking at this chart, it is a bit concerning that the pair closed at the absolute lows for the session.
