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...
As they say “hindsight is always 20/20.” Last Friday’s rally in the euro was meant to be sold, but initiating a new position on a Friday can be intimidating. The trade late Friday can always be interesting.
The euro was able to stage an upward correction against most of its main currency rivals yesterday, following the release of a better than expected Spanish Services PMI which renewed confidence in the strength of the euro-zone...
The USD/JPY pair had an outstanding day on Tuesday, as we not only got back all the losses for Monday, but we also managed to break the top of that day’s range. With this being the case,...
The USD/CAD pair had a negative session on Tuesday, almost erasing the gains from Monday. However, we sit just above a significant amount of support, and as a result we don’t see a clear path lower.
The GBP/USD pair fell again during the session on Tuesday, after initially trying to breakout and above the 1.58 handle. The reverse was pretty wicked, and as a result the candle looks absolutely horrible.
The EUR/USD pair dipped below the 1.35 handle during the session on Tuesday, but bounced back in order to close just under 1.36 as the buyers stepped in and defended the 1.35 handle after all.
