USD: Bullish Liquidity was a little low at the start of the week so price action was limited. Now that U.S. traders are back from their President’s Day holiday, we might see bigger moves across the charts...
EUR/USD has been trading cautiously so far as the pair is currently consolidating into a pennant on the 4-hour time frame. With the euro zone printing weaker than expected GDP for Q4 2012 and consequently getting buried...
Despite dovish remarks by European Central Bank President Mario Draghi yesterday, the Euro is deemed to gain opposite the British pound today on continuing signs that the German economy is recovering quickly.
Market Commentary With most of the asset classes trading flat, the Dollar Index (DX) is trading flat at 80.75 with positive bias; next leg of Dollar weakness is expected only on DX consistently trading below 78.80 ranges...
USD: Bullish The U.S. dollar gapped higher against most of its major counterparts over the weekend as traders were relieved to see the results of the recently concluded G20 Summit. As it turns out, the G20 leaders...
Weak fundamentals have been weighing on the pound for the past few days as the odds are tilted towards further monetary policy easing from the BOE. GBP/USD is consolidating around the 1.5500 handle at the moment but...
The Yen is presumed to maintain its losses alongside the Australian dollar to begin the week after global financial leaders gathered in Moscow played down fears of a currency war and signaled they would not interfere in...
Market Commentary The Dollar Index (DX) is trading strong at 80.70 ranges resulting in most of the asset classes depreciating or forcing them to in narrow ranges at their respective resistances; next leg of Dollar weakness is...
The USD/JPY pair fell during the session on Friday, but found enough support at the 92 handle to bounce and form a hammer. This hammer suggests that we are going higher, but we do think that this...
The USD/CAD pair shot straight up during the session on Friday, but failed to break above the 1.01 level yet again. In fact, this latest search created a lower low than the previous two attempts.
