Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 The Canadian dollar is presumed to succumb further to the US dollar today on views that the Canadian economy stalled at the end of 2012, putting pressure on...
The Japanese yen is deemed to weaken against the Australian dollar today as sources have revealed that the Japanese government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing, as...
Market Commentary The US Dollar appreciated across the board wherein the Sterling continued to depreciate to currently trade at 1.5130 ranges followed by the Euro and next the Japanese Yen which is trading near its year lows...
The USD/JPY pair rose during the session on Friday, but remains fairly tight going forward as we have gone sideways over the last two weeks. The market is been extraordinarily bullish over the last several months, and...
The USD/CAD pair shot straight up during the Friday session, but found the 1.0260 level far too resistive. This formed the second shooting star in a row in this pair, and as a result we think that...
The GBP/USD pair rose during the session on Friday, break above the 1.53 level but found the area far too resistive to overcome. This formed a shooting star, which of course was formed right after a hammer.
The EUR/USD pair went back and forth during the Friday session, testing the 1.3250 resistance level, and the 1.3150 support level. In the end, the market did essentially nothing as we closed almost unchanged.
The AUD/USD pair rose again during the session on Friday, as the consolidation between 1.02 and 1.0370 continues. Within this chart, it’s hard to think that we will breakout as the 1.04 level looks so resistive.
USD: Bullish While some traders booked profits after the FOMC sparked a strong dollar selloff, it seems that most of the anti-dollar rallies that took place yesterday were mere retracements. For instance, GBP/USD managed to pull back...
There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. On a longer-term chart, the...
