The AUD/USD pair went back and forth during the session on Monday as the markets try and figure out whether or not the US Congress can come together to find a solution to the “fiscal cliff.” Because...
Market CommentaryThe Dollar Index is trading tight near the short term support of 80.00 ranges; it is currently trading at 79.90 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
The New Zealand dollar is foreseen to weaken opposite the US dollar today as a deteriorating outlook for Australia, its largest trading partner, is likewise seen to dampen prospects for the domestic economy.
CFTC Commitments of Traders (COT) Report, 27 November 2012. The net speculative position in the USD remains long, but only 3052 contracts, down from 52, 244 contracts last week. Within the composite number are some conflicting trends.
Riskier currencies and commodities, including the euro and gold, reversed some of their recent gains on Friday afternoon after a credit rating downgrade of the European Stability Mechanism and European Financial Stability Fund.
Market CommentaryThe US Dollar traded mixed bag wherein it has lost against the Euro, the Swiss France but gained against the Aussie and the Japanese Yen.
Capital Spending in Japan plunged to 2.2 percent in Q3 from the 3.7 percent forecast and the 7.7 percent reading in Q2. The fall of the nation’s Core CPIs for a sixth straight month in the year...
USDCAD is testing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 0.9632 had completed at 1.0055 already, then the following downward...
USDCHF is facing 0.9214 support, a breakdown below this level could signal resumption of the downtrend from 0.9971, then the target would be at 0.8500 area.
USDJPY stays above a upward trend line on daily chart, and remains in uptrend from 77.14, the fall from 82.83 is treated as consolidation of the uptrend. Initial support is at 81.65, as long as this level...
