In yesterday’s European trading session, the Euro lost versus the Great British pound as exports slowed down in July, increasing chances for a cut in interest rates by the European Central Bank before this year closes.
The Dollar Index is currently trading at critical support of 78.70-78.20; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems to be over...
The euro was largely able to retain last week’s gains throughout the day yesterday, as a slow news day resulted in relatively little movement in the marketplace. The USD/JPY saw minor upward movement yesterday, as investors grew...
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Eurodollar has corrected back from Friday’s highs, but there is a possibility that the pull-back is now complete and the up-trend will resume. I would expect an immediate move to reach 1.3275 and then stop due to...
The GBP/USD pair has pulled back since making new highs on Friday; momentum is very overbought and the breakout from the triangle has fulfilled its price objective signalling that porbably a temporary top is now in place....
The bullish run in the financial markets looks to have lost its momentum as fears over the state of global finances resurfaced. The US dollar stands to gain over its Canadian counterpart to commence the week’s exchanges...
The US dollar fell against most of its main currency rivals on Friday, a day after the Fed announced a new round of quantitative easing to stimulate growth in the US economy.
The USD/JPY pair rose like a rocket during the Friday session as the market cleared the 78 handle without much resistance. This is interesting as it should have been very resistive been that it was so supportive...
The USD/CAD pair formed a hammer on the Friday session as the 0.97 level offered a bit of support. This was somewhat counterintuitive, but more than likely it had to do with traders not willing to hold...
