The USD/CAD pair fell gained substantial ground during the Friday session, but as the congressional leaders came out and essentially “held hands” at the press conference in late Friday trading, the pair fell as risk appetite increased.
The GBP/USD pair fell during the start of the Friday session, but bounced later in order to form a slightly positive candle. It appears that the 1.58 level will offer support, and on the longer-term charts we...
The EUR/USD pair fell during the session on Friday, but did bounce off of the 1.27 support level. The resulting candle is somewhat like a hammer, and does show some support in this general vicinity.
The AUD/USD pair fell during most of the Friday session, but got a bounce as we approached the 1.03 level. This area has a history of being minor support, and as the area was approached, we also...
Risk off trades are presumed to strengthen the US dollar opposite the Australian dollar today as the economic effects of Superstorm Sandy became rather apparent in yesterday’s raft of economic data.
In the previous European trading session, the Euro gained 19 pips versus the Great British pound on speculations that Spain is close to a bailout, and Greece would receive financial aid next week when the European officials...
The Dollar Index is trading at 81.20 with 81.00-81.20 ranges still acting as short term resistance; the USD has traded mixed wherein it has lost more than 50 pips against the Euro and the Swiss Franc, about...
Date: 14.11.2012 Daily chart Last Review EUR/USD Forecast- It looks like the price is stopping on the 1.2678 support level, while it is creating a candle called “Hammer” (at the moment, we will have to wait until...
The JPY fell against virtually all of its main currency rivals yesterday after it was announced that elections would be held in Japan, possibly as soon as next month. The US dollar also saw minor losses against...
The USD/JPY pair got quite a boost on Wednesday as the Bank of Japan has made it well-known they do plan on extending their inflation target to roughly 3%. Because of this, they will be weakening the...
