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...
The USD/JPY pair fell during the session initially on Wednesday, but as you can see bounced enough to break back over the 96 handle by the end of the session. This formed a hammer, and as a...
The USD/CAD pair had a positive showing during the Wednesday hours, bouncing off of the 1.0250 level yet again. This market has yet to pullback after the recent breakout from the 1.01 level, however we have seen...
The GBP/USD pair attempted to breakout and above the 1.50 handle during the Wednesday session, but as we had stated in yesterday’s analysis, the 1.50 level offered a significant amount of resistance.
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.30 level yet again. In fact, we even managed to test the 1.29 handle, make a fresh new low at one point during the session.
The AUD/USD pair fell during the session on Wednesday, testing the 1.03 level for support. This area did hold, so it is likely that we will see a continuation of the move higher that we have seen...
The USD/JPY pair had a negative showing on Tuesday, dipping back to the 96 handle. However, this market is most certainly bullish and we certainly wouldn’t sell it. Looking at the 95 handle, we also see an...
USD/CAD had a relatively quiet session on Tuesday, as the range tightened. We are currently sitting just above the 1.0250 level, an area that has offered minor support lately. However, if you have been listening to our...
