The euro fell against several of its main currency rivals yesterday, after EU growth forecasts were lowered and speculations came about that the ECB was considering a cut in euro-zone interest rates. The news also weighed down...
A downbeat assessment by the European Central Bank is presumed to continue weakening the Euro today opposite the US dollar. In its final monetary policy meeting this year, the ECB admitted that it considered an interest rate...
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
A disappointing euro-zone retail sales figure led to heavy euro losses during mid-day trading yesterday. The news also resulted in other higher-yielding assets, like gold and silver, turning bearish throughout the European session.
The USD/JPY pair rose during the session and close of the very highs of the range as we continue to see significant support right around the 81.50 level in this market. However, the 82.50 level continues offer...
The USD/CAD pair fell during the session on Wednesday, but we still see significant support in the form of the 0.99 handle. This area continues act as support, and as such it’s difficult to make a trade...
The British pound trying to gain on the US dollar during the session on Wednesday, but as you can see by the daily chart we formed a second shooting star in a row. It does look like...
The AUD/USD pair fell during the session as the 1.0475 level continues to be far too resistive for the buyers to break out of. We are currently stock between that level and the 1.04 handle, and as...
The EUR/USD pair attempted to rally during the session on Wednesday, but found significant downward pressure above the 1.31 resistance area. We believe that this area goes all the way up to the 1.3150 level, so it...
The disappointing Spanish auction and economic figures led to the decline of the Euro versus the Great British pound in yesterday’s European trading exchanges.
