The AUD/USD pair had a positive session during the Wednesday trading hours, breaking above the 1.0325 level. This area had been a minor resistance area; the now appears that we are heading towards 1.04.
Market Commentary The Dollar Index (DX) is trading narrow at 80.15 ranges with most of the asset classes trading in the narrow ranges especially the benchmark equity index of the Dow Industrials (DJIA) trading tight around the...
With the lack of supporting data from the Maple Leaf, the Canadian dollar is foreseen to make way for gains by its Australian currency peer. More of the Asian commodity dollar is perceived to be purchased after...
The USD/JPY pair fell during the session on Tuesday, and tested the 93 handle. However, we think that this pullback is more than likely just going to be the start of another buying opportunity, as we believe...
The USD/CAD pair initially rose during the session on Tuesday, but found the 1.01 area far too resistive, and turned around and started selling off. At the end of the session, we are essentially at the parity...
The GBP/USD pair fell significantly during the session on Tuesday, but bounced quite a bit in order to form a beautiful looking hammer. In fact, this looks like we could be starting to form a bit of...
EUR/USD fell during the session on Tuesday originally, but found enough support in order to bounce back in over the 1.3450 level. At the end of the session, that is roughly where we are trying to close,...
The AUD/USD pair fell initially during the session on Tuesday, but bounced enough in order to reach the 1.03 level by the end of the day. This move formed a big of supportive candle, and it appears...
Market Commentary The Dollar Index (DX) finds resistance at intermediate resistance of 80.50 ranges on the event of most of the asset classes finding stability. Though next leg of Dollar weakness is expected only on DX consistently...
CFTC Commitment of Traders (COT) Report, published 08 February 2013. There was a minor increase in the aggregate USD short position to 90,233 contracts from 79,353 contracts in the previous reporting period. There were a number of...
