The GBP/USD pair fell initially during the session on Monday, but found support at the 1.60 level again and shot straight through the 1.61 handle by the end of the session. The resulting candle is very much...
The EUR/USD pair initially fell during the Monday session, but found enough support that we bounced all the way up to the 1.3120 area by the end of the day. This formed a fairly odd shaped hammer,...
The AUD/USD pair fell during the session on Monday originally, but bounced back in order to form a hammer just under the 1.05 level. The 1.05 level continues to be important for this marketplace, and the fact...
CFTC Commitments of Traders (COT) Report, published 04 January 2013. The total net USD position in the currencies we follow increased to a short of 183,017 contracts, up from 177,758 in the previous period.
In the week that divided 2012 and 2013, financial markets took a sharp upward trend. Shortly before the end of 2012, fears of the US falling down the fiscal cliff increased even more and markets lost their...
Higher-yielding assets, including the euro, Australian dollar and crude oil, saw modest gains on Friday afternoon, following a positive US jobs report that led to risk taking among investors.
The Japanese yen is foreseen to sustain its weakness alongside the US dollar today on continuing speculation that the Bank of Japan will ramp up efforts to revive economic growth under pressure from Prime Minister Shinzo Abe.
USDCAD is facing 0.9824 support, a breakdown below this level will signal resumption of the downtrend from 1.0055, then further decline towards 0.9500 could be seen. Resistance is now at 0.9970, only break above this level could...
USDCHF breaks above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9511 had completed at 0.9083 already. Further rise is possible, and the target would be at 0.9400-0.9500 area.
USDJPY remains in uptrend from 77.14, and the rise extends to as high as 88.40. support is now at 87.00, as long as this level holds, the uptrend could be expected to continue, and next target would...
