The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.18 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
Often markets, confronted by a forthcoming risk event, will weigh the pros and cons of an anticipated outcome. Price will be determined by the collective judgement of the market appraising the involved risk.
The price of crude oil and gold tumbled yesterday, as concerns about the upcoming US “fiscal cliff”, a series of automatic tax increases and spending cuts set to take place if the US Congress fails to reach...
The USD/JPY pair fell during much of the session on Wednesday, but found the 82 level supportive by the end of the session, and formed a hammer. This hammer suggests that we are going to continue higher...
The USD/CAD currency pair initially rose during the session on Wednesday, but fell in order to retest the lows of the session from Monday. From what we see, we still have a significant support level at the...
The GBP/USD pair fell during most of the session on Wednesday, but bounced in order to form a hammer. The 1.60 level has acted as support again, and it does look like this market wants to go...
The EUR/USD pair fell most of the day on Wednesday as the “risk off” trade came back into play. Looking this chart, we actually have a decent sell signal at the beginning of the session, but you...
The AUD/USD pair rose during the session on Wednesday as we continue to try and break out above the 1.05 level. If we do manage to do that, the 1.06 level will be calling. However, we can...
CFTC Commitments of Traders Report, 20 November 2012. The current COT report show that the net combined position of currency speculators flipped to the long side of the USD. Flipping positions is not a common occurrence.
The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.30 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
