The AUD/USD pair fell during the session on Tuesday, closing underneath the 1.04 level again. However, we did start to see a bounce in the pair at the same levels we have seen over the last couple...
Market Commentary The US Dollar traded mixed wherein it traded flat against the Euro and the Swiss Franc whereas the British Pound, the Aussie Dollar and the Japanese Yen continued to stumble. Though mild correction was witnessed...
The euro reversed some of its recent gains throughout yesterday’s trading session, as investors eagerly await the outcome of a European Central Bank (ECB) meeting later this week. Additionally, a report indicating an increase in Spanish unemployment...
The USD/JPY pair fell during the session on Monday, after initially breaking higher. The pair is overextended by anybody’s measure at this point in time, so a pullback really isn’t too far out of the normal stretch...
The USD/CAD pair fell during the Monday session, but found plenty of support at the 0.9950 level in order to bounce and form a hammer or the daily candle. This hammer suggests that we are going to...
The GBP/USD pair rose during the session on Monday, as the 1.57 level continues offer support. However, right now we look at this market as one that is simply consolidating somewhere between 1.57 and 1.59, and because...
The EUR/USD pair fell hard during the Monday session, crashing into the 1.35 level. This level was the neckline of a massive inverted head and shoulders, so we do believe that quite a bit of support should...
The AUD/USD pair initially dipped during the session on Monday, but found support at the 1.04 level yet again in order to form a little bit of a hammer.
Market Commentary The Dollar Index (DX) again finds resistance at 79.00 ranges since April, 2010, resulting in sell off in benchmark equity index of Dow Industrials (DJIA). Next leg of weakness in the USD is expected only...
The US dollar fell to a fresh 14-month low against the euro on Friday, following a disappointing Non-Farm Payrolls figure which reaffirmed speculations that the Fed will leave in place record low interest rates for the foreseeable...
