Economic news The euro has been experiencing some ups and downs against its major currency counterparts on the Forex charts this week. The single currency was bearish against the dollar during yesterday’s trading, reaching an intraday low...
Concerns about what the European Central Bank (ECB) would discuss at today’s press conference with regards to the EU economic recovery, resulted in the euro turning bearish throughout most of yesterday’s trading session.
The USD/JPY pair initially rose during the session on Wednesday, but ran into resistance near the 94 handle and pullback in order to form a shooting star. This shooting star could signal the beginning of a larger...
The USD/CAD pair originally trying to rally during the session on Wednesday, but as you can see by the chart form a shooting star as we pulled back.
The GBP/USD pair had a fairly quiet session on Wednesday, as it retested the lows from Tuesday but failed to stay down there. The resulting candle is somewhat of a hammer, but to use that term would...
The EUR/USD pair fell during the session on Wednesday, but remained above the 1.35 level. This area should provide quite a bit of support, but there will be concerns of what is going to be said after...
AUD/USD had a very poor showing during the session on Wednesday as the market tested the 1.03 level. This level is significant support, and we also see significant support at 1.02, so difficult to get on the...
The Australian dollar is foreseen to resume its gains alongside the Japanese yen today as Australian unemployment held steady in January, defying expectations of an increase.
Market Commentary The US Dollar Index is trading consistently above 79.00 ranges which have been acting as formidable support since April 2012. Next leg of Dollar weakness can be expected only on DX closing below 78.50 on...
The bearish run by the Canadian dollar opposite the Australian currency is projected to be extended today as risk appetite benefits the North American commodity dollar. Analysts are less bearish on the Loonie as data from the...
