The Euro posted gains versus the Great British pound after European Central Bank President Mario Draghi announced buying bonds at unlimited quantities to be able to address severe distortions in government bond markets.
The Dollar Index has closed below the critical support of 81.00 to currently trade at 80.30 on the event of the ECB decision to go unlimited bond buying to tackle the Euro zone debt crisis. Weaker the...
The USD tumbled on Friday, following a worse than expected Non-Farm Employment Change report that signaled a slowing down in the US economic recovery.
The EUR/USD pair shot straight up during the trading day on Friday as the US jobs number disappointed. This suggests to most traders that the Federal Reserve will have to implement further monetary easing in the near...
USD/JPY fell during the Friday session as the US jobs numbers came in rather anemic. Because of this, it appears that the Federal Reserve will be forced to embark on quantitative easing yet again, and this should...
GBP/USD rose during the Friday session as the jobs number in the United States disappointed. With the anemic growth in the month of August, it appears that the Federal Reserve will have to embark on more monetary...
The AUD/USD pair had a stellar day on Friday as the jobs report in the United States came out poorly. This signals that the Federal Reserve will more than likely be forced to embark on more quantitative...
The USD/CAD pair fell through the 0.98 handle on Friday as the jobs number in the United States came out weak. This should signal further monetary easing by the Federal Reserve, and as such the commodity currencies...
USDCAD breaks below 0.9799 support, and reaches as low as 0.9765. Further decline could be expected over the next several days, and next target would be at 0.9600 area. Key resistance is at the downward trend line...
USDCHF’s fall from 0.9971 extends to as low as 0.9434, and is now facing 0.9421 key support, a breakdown below this level will indicate that the uptrend from 0.8931 has completed, then deeper decline towards 0.9000 could...
