The GBP/USD pair had a strong session on Monday as the 1.60 handle offered support in order to push the pair back towards the 1.61 level. This pair is a bullish market as far as we’re concerned,...
The EUR/USD pair had a decent day on Monday, as we bounced back above the 1.29 handle. It now appears that the 1.29 area will offer significant support going forward, and as such we may have a...
The AUD/USD pair went back and forth during the Monday session, only to essentially go nowhere. This market looks very confused at the moment, and we do think of the 1.05 level is still the key to...
The Japanese yen is believed to weaken alongside the US dollar in the exchanges today as fresh data revealed that the world’s third largest economy had entered a technical recession in the September quarter. The report has...
Market Commentary The US Dollar depreciated across the board on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong. The Dollar Index is currently trading weak...
The US dollar saw gains against several of its main currency rivals on Friday, following a better than expected US Non-Farm Payrolls (NFP) report which signaled growth in the US labor sector.
The USD/JPY pair went back and forth during the session on Friday as the US jobs numbers came out better than expected. This is typical reaction out of this currency pair, as it tends to bounce around...
The USD/CAD pair fell through the 0.99 support level on Friday, in order to show that there is serious downward pressure on this pair at the moment. However, we did not close below the 0.9875 level that...
GBP/USD fell during the Friday session, but found plenty of support at the 1.60 level in order to form a hammer. This hammer suggests to us that the 1.60 level will firm up this pair, and as...
The EUR/USD pair fell during the balance of the Friday session as the US jobs number came out much stronger than anticipated. However, once the Europeans went home for the weekend, the Americans pushed this pair back...
