Last minute deal has been struck to increase the US borrowings by President Obama, but the street seems to be more concerned about the weakening of the US economy which resulted in sell off for the straight...
The pair has been under intense pressure yesterday dropping 300 pips from its 1,10 level.
The AUD/USD continues to struggle with the idea of the 1.10 handle on Monday, making trading this pair an extremely choppy situation lately. The pair has found support in general, but it simply cannot gain traction at...
The US Dollar strengthens across the board especially against the Euro and the Cable; the Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges; despite the...
After an impressive rally towards a fresh record high at 1,1080 the pair seems ready for a corrective move as the market reached the upper weekly bollinger band.
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...
The AUD/USD pair fell on Friday, but bounced to form a hammer just at the 1.10 line. This suggests that the pair has found support at about the 1.09, just as we stated it might yesterday. Because...
As expected, we did see a meaningful correction on the pair last friday but the market has found some good support on top of 1,09 following the bad US GDP release.
AUDUSD broke above 1.1011 previous high and reached as high as 1.1080. Minor consolidation would likely be seen, and the trading range would be between 1.0850 and 1.1080. On the upside, a break above 1.1080 will signal...
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...
