Market Commentary The US Dollar Index is showing resilience at the key support of 79.00 ranges on the event of correction witnessed in most of the asset classes, especially in the benchmark equity index of Dow Industrials...
A better than expected German Ifo Business Climate figure yesterday, helped the euro extend its recent bullish trend during the European session. Higher-yielding commodities, including crude oil, were also able to benefit from risk taking after the...
Market Commentary The US Dollar Index recovers from key support of 79.00 ranges on the event of correction witnessed in most of the asset classes, especially in the benchmark equity index of Dow Industrials (.DJIA). The Dollar...
The USD/JPY pair initially rose during the session on Wednesday, but met significant resistance above, and formed a shooting star. However, we also see the fact that recent action has been so bullish that we think they...
The USD/CAD pair initially fell during the Wednesday session, but as the date grew longer, we got more and more negative headlines out of Washington DC which push the Dollar higher.
The GBP/USD pair tried to break through the 1.63 handle on Wednesday, but with the beat back by the sellers. The decisive turnaround was quite impressive, and formed a nasty looking shooting star.
The EUR/USD pair shot straight up during most of the session on Wednesday, but ran into far too much trouble as the 1.33 level in order to keep going higher.
The AUD/USD pair had a negative session after initially trying to rally on Wednesday as the 1.05 level was overcome by the sellers. We do have to consider the 1.04 level as a significant support level below...
Market expectations that a resolution to the budget impasse will soon be reached, and the United States will avert the looming fiscal cliff, has risk confidence supporting demand for the Canadian dollar over the Australian currency.
Signs of progress in budget negotiations between US Congressional leaders and President Obama led to moderate risk taking yesterday, which gave a boost to the euro. That being said, a lack of significant international news resulted in...
