USD: Neutral The U.S. dollar lost a lot of ground to its major currency counterparts during yesterday’s trading as we saw a short squeeze, particularly for GBP/USD and EUR/USD. It seems that the selloffs are no longer...
After yesterday’s short squeeze on EUR/USD, which pushed the pair back above the 1.3000 major psychological support level, many are wondering if the rally of this pair would actually last. It seems that it could find resistance...
The USD/JPY pair did very little during the session in the end, considering that there was a significant amount of volatility. The market is closing just above the 96 handle, but has formed a very neutral looking...
The USD/CAD pair fell during the session on Thursday, as the US dollar fell against most currencies for the session. We have been waiting for a pullback in this pair, and it now looks like we could...
The GBP/USD pair had an extraordinarily strong session during the Thursday hours as we smashed through the 1.50 level, breaking through a couple of fairly significant resistance areas.
The EUR/USD pair initially fell during the Thursday session, plunging below the 1.2950 handle again. However, we managed to get the buying pressure back together and broke above the 1.30 handle during the day.
The AUD/USD pair shot straight up during the session on Thursday, and smashed into the 1.04 resistance level. In fact, that is exactly where it stopped at the highs of the day. This leads us to believe...
Economic news (14 March 2013) – The Australian economy appears to be gaining momentum over the last weeks as series of positive economic data has been released. The latest portion showed a much better-than-expected employment change as...
USD: Bullish The U.S. dollar once again found support from stronger than expected economic data during yesterday’s trading.
NZD/USD got sold off strongly after the RBNZ announced its interest rate decision during today’s Asian session. Even though the central bank kept rates on hold at 2.50% as expected, RBNZ head Graeme Wheeler commented that domestic...
