USDJPY. The IMF-World Bank Tokyo convention of super bankers attracted 20,000 attendees last week, including their staff and friends. Missing from this group was the Chinese foreign minister, and the head of the Chinese central bank.
USDCAD may be forming a cycle top at 0.9884 on daily chart. Another fall to test 0.9632 support could be expected next week, a breakdown below this level will indicate that the downtrend from 1.0445 has resumed,...
USDCHF stays in a trading range between 0.9239 and 0.9437. As long as 0.9437 resistance holds, the price action in the range is treated as consolidation of the downtrend from 0.9971, and another fall towards 0.9000 is...
USDJPY is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the price action from 77.66 is treated as consolidation of the downtrend from 84.17, another fall...
AUDUSD break below 1.0167 support and reaches as low as 1.0149. deeper decline is still possible next week, and the target would be at 1.0000-1.0050 area. However, the price action from 1.0612 is treated as consolidation of...
GBPUSD’s fall from 1.6309 extends to as low as 1.5976. Deeper decline is still possible next week, and the target would be at 1.5900 area. However, the fall is treated as consolidation of the uptrend from 1.5268,...
EURUSD stays in a trading range between 1.2803 and 1.3171. The price action in the range is likely consolidation of the uptrend from 1.2042. Support is at 1.2803, as long as this level holds, uptrend could be...
Last evening the bond rating company S&P reduced the ratings of Spanish sovereign debt toward the junk level. As might be expected, this proved bearish on the euro versus the USD, taking the pair down close to...
Heading towards the culmination of a volatile trading week riddled with meetings by Euro Zone officials and finance ministers from across the more developed economies of the world, as well as earnings reports from the US, some...
After dropping to a 10-day low vs. the US dollar in overnight trading yesterday, the euro was able to stage a significant recovery during the European session yesterday. In addition, a better than expected US unemployment claims...
