Economic news The euro surged to a near 14-month high against the dollar in early trading hours on Thursday, after the Fed announced its decision to keep the current interest rate of 0.25%; the bond-buying program, worth...
The US dollar took losses against several of its main currency rivals yesterday, amid concerns regarding the US economic recovery, highlighted by a worse than expected Advance GDP figure.
The USD/JPY pair rose during the session on Wednesday, but found the area above the 91 handle a bit too much for the buyers to hold onto. The resulting candle is somewhat of a shooting star, but...
The USD/CAD currency pair attempted to rally during the session on Wednesday, but ran into significant resistance at the 1.0050 level. It is because of this that we are starting to suspect that the breakout is a...
The EUR/USD pair shot through the 1.35 level finally on Wednesday. This is a significant breakout, in the fact that the market is closing so high suggests that we are just now starting to form the next...
The AUD/USD pair had a negative session during the trading day on Wednesday, retesting the 1.04 level. However, it should be noted that that level course did hold as support, and it looks like you’re trying to...
Ichimoku combines a set of trending indicators and projects a unique “cloud” of anticipated resistance and support points to arrive at its take on market activity. As with any set of indicators, specific intersections between the various...
After Mark Carney’s acknowledgment that the financial markets have improved, whilst warning that downside risks remain to the global economy, the Canadian dollar registers gains opposite the Australian currency.
Economic news The yen slides against the dollar The yen reached another low against most of its major counterparts, including the dollar, during the Asian session on Wednesday. The Japanese currency crossed the psychological level of 91...
The US dollar took losses against virtually all of its main currency rivals yesterday, following a disappointing consumer sentiment indicator that generated concerns regarding the pace of the US economic recovery.
