EURUSD moves sideways in a range between 1.2803 and 1.3171. The price action in the range is treated as consolidation of the uptrend from 1.2042. Lengthier consolidation in the range would likely be seen next week.
The USD/JPY pair did very little during the session on Friday, as the rest of the markets rocking back and forth in a “risk off” type of move. The fact is that we are getting close to...
The USD/CAD currency pair had a strong showing on Friday as we raced towards the 0.9950 level. We did not managed close above it, but we are certainly knocking on the door. It is at that level...
The GBP/USD pair fell on Friday again as the market continues to look very weak. In fact, since the Wednesday close we have seen this market dropped 150 pips with almost no halt. The 1.60 level continues...
The EUR/USD pair fell on Friday again, as we find the 1.3150 level far too tough for the buyers to take out. However, there is a trend line below that could provide support going forward.
The AUD/USD pair fell during the session on Friday in order to trigger sell orders from the Thursday shooting star. Because of this, it appears that we are failing at the center of the previous consolidation area,...
Yesterday, U.S. Jobless claims affected all major currencies and pairs when the Unemployment Claims came in higher than expected. Today, traders should look to continue following reports out of the EU Economic Summit as it goes into...
The Euro is foreseen to continue its gains opposite the British pound as sources reveal that European leaders are taking a positive leap toward establishing a single banking supervisor for the Euro region.
The US Dollar gained across the board after the Dollar Index again found support at 79.00 ranges. The Dollar appreciated most against the Cable, by more than 100 pips followed by the Euro and the Swiss France...
The USD/JPY pair rose during the session after initially falling on Thursday, in order to close above the 79 handle for the first time in several weeks. This is bullish, but we do see quite a bit...
