If we can use the Canadian Dollar futures markets as a barometer, speculators have become quite bullish on the loonie. In our recent quarterly review of the volume changes in currency trading, we noted the remaining open...
How many times do we get end of the quarter moves in markets simply because it is the end of an accounting period? A money manager who is paid a performance bonus computed at the end of...
USDCAD is in consolidation of the downtrend from 1.0445. Range trading between 0.9632 and 0.9900 would likely be seen in a couple of weeks. Resistance is at 0.9900, as long as this level holds, we’d expect downtrend...
USDCHF remains in downtrend from 0.9971, the rise from 0.9239 is treated as consolidation of the downtrend. Range trading between 0.9239 and 0.9500 would likely be seen over the next several days. Resistance is at 0.9500, as...
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17, and the price action from 77.66 is treated as consolidation of the downtrend, further decline towards 76.00 is still possible after...
AUDUSD has formed a cycle top at 1.0624 on daily chart. Further decline would likely be seen next week, and the target would be at 1.0200 area. However, the price action from 1.0612 is treated as consolidation...
After touching 1.6301 resistance, GBPUSD pulled back from 1.6309, suggesting that consolidation of the uptrend from 1.5393 is underway. Range trading between 1.6100 and 1.6309 would likely be seen in a couple of weeks. Support is at...
EURUSD has formed a cycle top at 1.3171 on daily chart. Range trading between 1.2750 and 1.3171 would likely be seen in a couple of weeks. Support is at 1.2750, as long as this level holds, the...
Market review for 27.09.12: The positive came back on markets. The budget plan of Spain met country-specific recommendations. Asian and European trading sessions:
Concerns regarding Spain and Greece’s ability to tackle their debt issues caused the euro to extend its recent bearish trend throughout the day yesterday.
