The Euro is deemed to continue its strength opposite the US dollar today as European Central Bank President Mario Draghi foresees a gradual economic recovery for the Euro Zone in the next year.
The USD/JPY pair gapped higher from the weekend after the announcement that the opposition party had won a super majority in Parliament during the Japanese elections. This led to an interesting Monday session, as we actually lost...
The USD/CAD pair initially rose during the session on Monday, only to be turned back around at the 0.99 area. This market looks like its dead set on falling, and as such we are ready to begin...
The GBP/USD had a strong session on Monday, and even managed to break above the highs from the Friday shooting star. This is a very bullish sign, and we do believe that a move above the 1.62...
The EUR/USD pair did very little during the session on Monday as it simply went back and forth in a very tight range. However, we remained above the crucial 1.3150 handle, and this does suggest that there...
The AUD/USD pair did very little during the session on Monday, as we lost a slight bit of value. However, this market seems content to bounce around between the 1.05 handle, and the 1.06 level. Until we...
Market Commentary The US Dollar continued to depreciate across the board; the Dollar Index (DX) continued to fall for continuous sixth session. The Dollar Index is currently trading flat at 79.37 after correcting from intermediate resistance of...
The Japanese yen is foreseen to maintain its slump opposite the US dollar today as conservative ex-premier Shinzo Abe, who pledged more aggressive monetary policy, will get a second chance to lead Japan after his Liberal Democratic...
Market Commentary Despite most of the asset classes, especially the benchmark equity index of the Dow Industrials (DJIA) trading flat, the Dollar Index (DX) continued depreciating across the board to close weak at 79.65 ranges. The Dollar...
The USD/JPY pair initially rose during the session on Friday but found significant resistance at the 84 level in order to form a shooting star. Even though the shooting star is ideally placed, we see the 82.50...
