Market Commentary The US Dollar continued appreciating on the event of the most of the asset classes succumbed to selling pressure. The Dollar Index (DX) is consistently trading above the critical resistance of 81.20 ranges and is...
USD: Bullish The minutes of the latest FOMC meeting caused quite a ruckus in the currency market as policymakers showed signs of hawkishness for the U.S. economy. In fact, some policymakers even suggested that they might overlook...
GBP/USD just broke below the long-term support at 1.5350 and the next area of support is around 1.5000 then at 1.4300. The pound has been selling off aggressively lately as the United Kingdom has been printing weak...
The recent economic news from the US (Non-Farm Payroll) has been encouraging even though the US unemployment rate was a tick higher at 7.9%. Since this report, the initial jobless claims have been trending lower.
Could the “Queen’s Currency” about to be downgraded? ETX Capital looks at the ramifications for sterling should the UK lose its AAA status.
The USD/JPY pair went back and forth during the session on Wednesday, essentially ending up where it started. The market is currently attractive to the 93.50 level, and after the FMOC minutes been released, this market went...
The USD/CAD pair broke higher during the session on Wednesday as the Federal Reserve releases its minutes, suggesting that there is serious discussion on limiting asset purchases. If that happens, the US dollar should continue to gain...
The GBP/USD pair fell drastically during the session on Wednesday, making a move well below the 1.5250 handle. Because of this, it certainly looks like we are going to reach for the 1.50 handle that we have...
The EUR/USD pair initially trying to rally during the Wednesday session, but sold off rather drastically as the markets developed a “risk off” attitude around the world.
The AUD/USD pair fell hard during the session on Wednesday as commodities got hit across the board. The Federal Reserve released its minutes from the last month during the session on Wednesday, and as a result people...
