The USD/CAD pair shot straight up after initially dipping during the trading day on Wednesday. We paused just above the 0.98 handle, but still see quite a bit of resistance all the way to the 0.9950 level....
The GBP/USD pair fell during the session on Wednesday as it retested the 1.60 level. The encouraging thing is that the level has held, although the candle itself isn’t necessarily a hammer.
The EUR/USD fell on Wednesday in order to fall and test a trend line. We also are right at the 1.2850 level, and this is an area that we have pointed out as a possible selling signal....
AUD/USD had a very back and forth session in order to essentially finish unchanged. We are trading at the bottom of the recent consolidation area, and as such the market does look like it’s trying to set...
In the previous European trading exchanges, the Euro was supported by the release of the French and Italian Industrial Production reports, which showed both improvements in August.
The US Dollar could trade flat despite profit taking witnessed in most of the asset classes, especially in the benchmark equity index of Dow Jones Industrials Average (.DJIA). The Dollar Index is currently trading flat at 80.10...
The New Zealand dollar is deemed to continue weakening opposite the US dollar today as bleak economic data and a downgrade of Spain’s credit rating are presumed to deter demand for commodity-linked currencies.
News out of Europe affected yesterday’s trading as most major pairs turned bearish due to concerns about Spain and Greece. A speech from European Central Bank President Draghi during morning trading kept the major pairs from huge...
The EUR/USD pair fell precipitously from the 1.30 handle on Tuesday in order to test the uptrend line that has been driving this market higher sense the middle of July. This move wasn’t much of a surprise...
The USD/JPY pair had a negative session on Tuesday, which of course should have been much of surprise. After all, we were towards the top of the consolidation range, and it doesn’t look like there is a...
