The euro shot up to an eight-week high against the US dollar on Friday, following a speech from Fed Chairman Bernanke in which he hinted that new steps will soon be taken to boost the US economic...
The EUR/USD pair had a very eventful Friday session as the Federal Reserve Chairman Ben Bernanke gave a speech at Jackson Hole, Wyoming that addressed the possibility of further quantitative easing.
The USD/JPY pair fell during the session on Friday, but bounced about 20 pips in order to form a hammer shaped candle. We are still within the supportive zone from 78 to the 78.75 level, and as...
The GBP/USD pair shot straight up during the Friday session as the Federal Reserve Chairman Ben Bernanke suggested that the Federal Reserve could begin to buy U.S. Treasury’s again, driving yields even lower to drive investors looking...
The AUD/USD pair rose during the session on Friday as the 1.03 level comes into offer support. The pair has sold off rather significantly lately, and as such a bounce should have been expected.
The USD/CAD pair fell during the session on Friday in order to retest the bottom again. The 0.98 level should continue to hold as support in the meantime, but it does give way we think this pair...
On Friday, the US Dollar depreciated off the European session highs to close just above the critical support of 81.00 ranges to currently trade at 81.23 the short-term trend is still range bound between 81.00 and 82.10;...
USDCAD remains in downtrend from 1.0445, the rebound from 0.9842 is treated as consolidation of the downtrend. Resistance is located at the downtrend line on daily chart, as long as the trend line resistance holds, the downtrend...
USDCHF is facing 0.9421 support, a breakdown below this level will indicate that the uptrend from 0.8931 has completed at 0.9971 already, then the following downward movement could bring price back to 0.9000-0.9100 area. On the upside,...
USDJPY is facing 77.92 support, a breakdown below this level will indicate that the downtrend from 84.17 has resumed, then further decline to 76.00 area could be expected. Key resistance is now at 79.65, only break above...
