The AUD/USD pair attempted a rally on Friday only to fail and print a second shooting star in a row. Both of these are at the bottom of a fall, and this shows that the pair may...
The antipodean is now under pressure and we expect a new test of the key 0,94 support.
AUDUSD’s fall extended to as low as 0.9663. Further decline is still possible next week, and next target would be at 0.9550. Resistance is at 0.9900, only break above this level could indicate that the downtrend from...
Fears of the world economy sliding down into a recession supported the dollar.
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
AUD/USD fell hard on Monday as traders continued to sell of the risk trade. The Aussie will always be sensitive to sentiment, and sentiment is poor at best lately. With this in mind, we sell rallies, and...
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
The Dollar Index traded flat on Friday on the event of sideways trading witnessed in the benchmark equity index of the Dow Jones Industrials. Major trend is range bound between 73.40 and 81.20 where as the medium...
AUD/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and the rallies are all being faded at this point. The parity level should offer some support,...