Market Commentary The Dollar Index is trading at 79.50 ranges, near the support of the sideways trading range of 79.00-81.00 formed since couple of months; next leg of weakness in the USD is expected only on the...
CFTC Commitments of Traders (COT) Report, published 08 January 2013. Currency futures traders were busy reducing positions in the first week of the New Year. The collective reduction was 42K contracts but there was no liquidation in...
The Euro is deemed to sustain its strength against the US dollar today as cautious comments by Federal Reserve Chairman Ben Bernanke over the US economy suggested that the central bank was in no hurry to withdraw...
Risk aversion in the marketplace, following disappointing euro-zone industrial data, resulted in gains for the safe-haven US dollar against its higher-yielding currency rivals yesterday.
The USD/JPY pair ended up producing a fairly neutral day on Monday as we bounce around just below the 90 handle in this market. We see the 90 level as significant resistance, and as a result would...
The USD/CAD pair initially tried to rally during the session on Monday, but fell short as we fell off again and formed a shooting star. This shooting star does in fact suggest that we will see continuation...
The GBP/USD pair fell during the session on Monday as the markets continue to reach for the 1.60 support level. However, towards the end of the day we saw buyers stepped back into the marketplace, and as...
The EUR/USD pair had a positive session after going back and forth during the Monday trading hours. However, we are so comfortably above the 1.33 level, and as a result we still think buying is the only...
The AUD/USD pair had a positive showing on Monday, but still remains well underneath the massive resistance barrier that needs to break in order to truly become a bullish proposition.
Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
