Despite weakness in the benchmark equity index of Dow Industrials (.DJIA), resilience was seen in the appreciation of the Greenback against most of the FX majors. The Dollar Index may again expected to find resistance at 81.00...
The USD/JPY pair fell rather sharply during the session on Thursday as we broke down below the 80 handle yet again. The 79.30 level did act as support however, and as such we got a little bit...
The USD/CAD pair rose during the session on Thursday after forming a hammer on Wednesday. We are currently sitting at the parity level, and as such we think we are trying to build enough pressure to go...
The GBP/USD pair broke through the bottom of the shooting star from the previous day on Thursday. This set up a nice selling opportunity, but unfortunately the market turned back around and formed a hammer which is...
The EUR/USD pair fell during much of the session on Thursday as the bottom of the shooting star from Wednesday got broken to the downside. However, by the end of the session we saw buying at the...
The AUD/USD pair initially tried to rally during the session on Thursday, but got beat back yet again. The shooting star from Wednesday signaled that we are running into quite a bit of resistance, and now we...
While riskier currencies and commodities received a significant boost after it was announced that Barack Obama had been reelected as US President, fears regarding the future of the US economy quickly resulted in investors shifting their funds...
Weakness in most of the asset classes, especially in equities led to strengthening of the US Dollar after showing weakness for most of the European session. The Greenback continued to gain against the Common currency, the Swiss...
The USD/JPY pair fell during the session on Wednesday as the US dollar got a bit of a beating for the presidential election returns. The 80 handle offered support though, and right now it appears that there...
USD/CAD fell during the beginning of the session on Wednesday to poke through the 0.99 handle, however, we did find quite a bit of support at that level as you would expect.
