The EUR/USD pair fell at first on Thursday, but bounced hard in order to form a massive green candle. The 1.34 level above is the resistance area we need to close above in order to start buying,...
The AUD/USD pair went back and forth during the session on Thursday as the markets tried to dissect the worse than expected US economic numbers. The Dollar was beat up on throughout the session, and this pair...
USD The US dollar had a rough day in the markets as it scored a few gains only to lose it all at the end of the NY session.
The pound has been gaining steadily against the dollar in the past few trading days, as strong data from the UK and doubts on the Fed’s September taper plan have combined to push GBP/USD past key resistance...
USD The dollar weakened yet again in yesterday’s trading as the PPI reports turned out to be a disappointment while Bullard’s speech cautioned against easing too soon. This throws water at the Fed’s Septaper plans, considering how...
AUD/CAD’s falling channel on its 4-hour time frame is still holding really well, as the pair is now making another test of the trend line with stochastic in the overbought region.
Economic data released today shows that the Eurozone technically exited their 18 month long recession as GDP expanded by 0.3% in the second-quarter of 2013. Portugal expanded the most and grew 1.1%, followed by Germany and Finland...
USD The Greenback enjoyed stellar gains in yesterday’s trading, as the US retail sales report came in better than expected. In particular, the core version of the report showed a 0.5% uptick, which is better than the...
The bottom of GBP/JPY’s 4-hour range held as support yesterday as the pair bounced off the 149.00 area and rallied to 152.00. Right now, GBP/JPY is stalling around the middle of the range, still undecided whether to...
The USD/JPY pair rose during the session on Tuesday, breaking back above the 98 handle. This is psychologically significant, and as a result we are more than willing to buy this pair on a pullback that shows...
