Market Commentary The Dollar Index (DX) is trading strong at 80.46 ranges with most of the asset classes trading weak or in narrow ranges at their respective resistances; next leg of Dollar weakness is expected only on...
Economic news –14 February 2013 The euro declined sharply to a session-low against the US dollar on Thursday’s early trading as several Eurozone countries released discouraging economic data. The Single currency began falling from its intraday high...
With the upcoming G20 meeting, all of the recent discussion in forex trading circles has been about a potential currency war. The Bank of Japan, driven by new Prime Minister Shinzo Abe, looks determined to devalue the...
The USD/JPY pair did very little during the session on Wednesday, essentially treading water and closing the day almost unchanged. This is rather impressive if you think about it, simply because this pair has been such a...
The USD/CAD pair trying to rally yet again during the session on Wednesday, but as you can see formed another bearish candle. This shows just how much this pair is struggling to gain and now shows it...
The GBP/USD pair fell precipitously during the session on Wednesday yet again, showing that the British pound simply cannot get out of its own way. Now that we have fallen below the bottom of the hammer from...
The EUR/USD pair gained during the session on Wednesday, breaking above the 1.35 level again. However, by the end of the session the Euro was pushed below the 1.35 line in order to form a shooting star.
The AUD/USD pair had a positive session during the Wednesday trading hours, breaking above the 1.0325 level. This area had been a minor resistance area; the now appears that we are heading towards 1.04.
Market Commentary The Dollar Index (DX) is trading narrow at 80.15 ranges with most of the asset classes trading in the narrow ranges especially the benchmark equity index of the Dow Industrials (DJIA) trading tight around the...
With the lack of supporting data from the Maple Leaf, the Canadian dollar is foreseen to make way for gains by its Australian currency peer. More of the Asian commodity dollar is perceived to be purchased after...
