Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
The US dollar took losses against virtually all of its main currency rivals yesterday, as concerns that US Congressional leaders will not be able to resolve a budget dispute before automatic tax increases and budget cuts take...
The GBP/USD pair attempted to rally during the Tuesday session, but pulled back and formed a shooting star at the 1.61 level. While we do see this as a potential resistance area, we think this will simply...
The USD/JPY pair fell during the session on Tuesday as the “risk off” trade gained the upper hand slightly against the risk appetite driven traders out there. However, we still see the 81.50 level has offered support,...
The USD/CAD currency pair fell during most of the session on Tuesday, but found enough support just above the 0.99 handle to continue the overall sideways motion. The market continues to be stuck between the 0.99 and...
The EUR/USD pair rose again during the session on Tuesday, as we start to approach the 1.3150 resistance level. We think this area will indeed be very resistive, and it will only take some type of negative...
The AUD/USD pair rose during the session on Tuesday, but ran into the resistance area above at the 1.0475 level again. The real resistance is actually the 1.05 handle, and as such we think that there will...
Market CommentaryThe US Dollar depreciated across the board; the Common currency, the Cable continued to appreciated against the USD; the Aussie depreciated but the short term range bound trend remained intact with 1.0480 ranges still acting as...
Positive Chinese manufacturing data, along with signs that Greece was closer to receiving a new round of bailout funds, encouraged investors to shift their funds to higher-yielding assets yesterday which boosted the euro against several of its...
The USD/JPY pair fell during the session on Monday as the 82.50 level continues to offer significant resistance. However, we do know that this market is well supported somewhere around the 82 handle, and the Bank of...
