While riskier currencies and commodities received a significant boost after it was announced that Barack Obama had been reelected as US President, fears regarding the future of the US economy quickly resulted in investors shifting their funds...
Weakness in most of the asset classes, especially in equities led to strengthening of the US Dollar after showing weakness for most of the European session. The Greenback continued to gain against the Common currency, the Swiss...
The USD/JPY pair fell during the session on Wednesday as the US dollar got a bit of a beating for the presidential election returns. The 80 handle offered support though, and right now it appears that there...
USD/CAD fell during the beginning of the session on Wednesday to poke through the 0.99 handle, however, we did find quite a bit of support at that level as you would expect.
GBP/USD initially poked through the 1.60 level as the US dollar sold off. However, by the end of the session we fell back down in order to form a shooting star that sits just on the 100...
EUR/USD initially spiked during the session on Wednesday with the Obama reelection, as it was thought that the US dollar would be devalued through more quantitative easing and extreme spending.
The AUD/USD pair attempted to rally during the Wednesday session, but found a ton of resistance of the 1.05 area. Because of this, we have formed a massive shooting star that sits just ensemble the 1.04 level,...
The New Zealand dollar is foreseen to weaken further opposite the US dollar today on a deteriorating economic outlook for the South Pacific economy.
Amidst the uncertainties surrounding the Euro area, the single currency won over the British pound in yesterday’s European trades as British home prices declined for a second straight year, on weak prospects for the UK economy and...
The currency markets were relatively quiet yesterday, as uncertainties regarding the outcome of the US presidential election led to investors holding off on opening big positions.
