Yesterday’s economic report indicated that confidence among German investors improved for a second month in October, after the European Central Bank announced its new bond-buying program to help lower bond yields of troubled countries.
The euro made bullish gains yesterday morning against the dollar and yen, as investors increased their confidence regarding Spain asking for a bailout and confidence in the German economy. Today, the main piece of economic news is...
Since the beginning of August, currency futures speculators have been putting on a very large long position in the Canadian Dollar. According to the latest COT report, the spec long was down from the high, 139.3K contracts...
The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...
The latest release of the Reserve Bank of Australia’s Minutes of the Policy Meeting highlighted a sluggish economic growth in China and the European debt crisis that drove the decision of the central bank to lower the...
COT (Commitment of Traders) Report, 09 October 2012. During the latest COT reporting period, currency speculators, in the aggregate, reduced their USD short position by over 107K contracts.
In the previous European trading session, the Euro advanced versus the British pound as markets look ahead to this week’s European summit, where the European finance leaders would discuss about ways to stem the debt crisis.
The USD/JPY pair rose during the session on Monday as the buyers stepped into the marketplace. However, we are currently in the middle of a massive consolidation zone that extends from 77.50 to the 79.50 level.
The USD/CAD currency pair had a bullish session on Monday as the market continues to hover around the 0.98 handle. This market currently doesn’t really interest us as we see far too many chances at choppiness over...
The GBP/USD pair struggled during the session on Monday, but did bounce in order to form a little bit of a hammer. We have seen the 1.60 handle offer quite a bit of support, and this would...
