The USD/JPY pair initially fell during the session on Thursday as the majority of the markets looked to take profit in trades that have worked out well recently. However, we bounce quite a bit and formed a...
The USD/CAD pair initially fell during the Thursday session, but bounced in order to form a slightly positive candle for the trading day. However, we are still well within the consolidation tolerances, so this move really didn’t...
The GBP/USD pair fell absolutely fell apart during the Thursday session after forming a massive shooting star on Wednesday. However, we stopped essentially at the 1.61 handle, an area that we pointed out as potential support previously.
The EUR/USD pair collapsed during the session on Thursday as the shooting star from the previous session set up this potential sell signal. We had suggested that the 1.3150 level will offer support during the session, and...
The AUD/USD pair initially broke through the 1.05 handle during the Thursday session, but got pushed back below it by the end of the day. The resulting candle is a little bit of a shooting star, and...
Market Commentary The Dollar Index continued appreciating after finding support at 79.00 ranges to currently trade at 80.75 with 81.20-81.50 acting as short term resistance. As against historic inverse correlation between the benchmark equity index of the...
With the exception of the euro, which was negatively affected by EU manufacturing data, most higher-yielding currencies, commodities and precious metals saw upward movement yesterday.
The British pound is deemed to strengthen alongside the Euro today as a gauge of UK manufacturing unexpectedly expanded in December, suggesting renewed strength in the economy at the end of 2012. In contrast, the Euro is...
The USD/JPY pair rose during the session on Wednesday as the “risk on” rally continues. The U.S. Congress came up with a “fiscal cliff” agreement that keeps the United States dollar recession for the short-term.
The USD/CAD pair fell significantly during the Wednesday session as we smash through the 0.99 handle. This area was thought to be supportive, and the fact that it was working through like it wasn’t even there would...
