Higher-yielding currencies and commodities saw bullish movement yesterday, as US lawmakers prepared to renew budget negotiations before the “fiscal cliff” of tax increases and budget cuts go into effect at the beginning of the year.
The USD/JPY pair shot straight up at the open after the Christmas holiday on Wednesday. We are significantly above the 85 handle now, and as a result feel that this market has completely broken out and has...
The USD/CAD pair rose during the session on Wednesday as we continue to press up against the 0.9950 resistance level. This market will move in reaction to the fiscal talks in Washington DC, as both economies are...
The GBP/USD bounced back and forth during the session on Wednesday as the 1.61 handle continues to attract support. Looking at this market, we still feel that it is relatively supportive, and as such we would be...
The EUR/USD pair rose during the session on Wednesday as the bullishness continues. However, the market still looks like it is trying to consolidate between the 1.3150 and 1.33 levels.
The AUD/USD pair fell slightly at the beginning of the Wednesday session, but bounced back in order to form a hammer above the 1.0350 level. Because of this, it does look like we are about to see...
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and Swiss Franc whereas it continued appreciating against the Japanese Yen and the Aussie. The Dollar Index after finding support at 79.00 ranges...
Even with the risk that the world’s largest economy could enter a recession, the Canadian dollar had the biggest intraday jump in almost two weeks against its US counterpart amid investor optimism about the country’s economic prospects.
Despite low liquidity in the marketplace due to the Christmas holiday and a lack of economic indicators, the US dollar started off the week on a bullish note.
The USD/JPY pair rose during the session on Monday as the pair continues to rise overall. We now are clear of the 84 handle, which was once serious resistance. We see the 85 handle as resistive as...
