A disappointing euro-zone retail sales figure led to heavy euro losses during mid-day trading yesterday. The news also resulted in other higher-yielding assets, like gold and silver, turning bearish throughout the European session.
The USD/JPY pair rose during the session and close of the very highs of the range as we continue to see significant support right around the 81.50 level in this market. However, the 82.50 level continues offer...
The USD/CAD pair fell during the session on Wednesday, but we still see significant support in the form of the 0.99 handle. This area continues act as support, and as such it’s difficult to make a trade...
The British pound trying to gain on the US dollar during the session on Wednesday, but as you can see by the daily chart we formed a second shooting star in a row. It does look like...
The AUD/USD pair fell during the session as the 1.0475 level continues to be far too resistive for the buyers to break out of. We are currently stock between that level and the 1.04 handle, and as...
The EUR/USD pair attempted to rally during the session on Wednesday, but found significant downward pressure above the 1.31 resistance area. We believe that this area goes all the way up to the 1.3150 level, so it...
The disappointing Spanish auction and economic figures led to the decline of the Euro versus the Great British pound in yesterday’s European trading exchanges.
Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
The US dollar took losses against virtually all of its main currency rivals yesterday, as concerns that US Congressional leaders will not be able to resolve a budget dispute before automatic tax increases and budget cuts take...
The GBP/USD pair attempted to rally during the Tuesday session, but pulled back and formed a shooting star at the 1.61 level. While we do see this as a potential resistance area, we think this will simply...
