Investor concerns regarding Spain’s ability to handle its debt issues once again weighed down on the euro, which hit a two-week low against the US dollar during trading yesterday. The news also resulted in bearish movement for...
The Dollar Index continued to gain on the event of most of the asset classes correcting, especially the equities; today’s Asian trade has seen stability in the equities resulting in the Dollar Index trading marginally lower at...
The USD/JPY pair both rose and fell during the session on Wednesday as the market continues to try and find support in this general vicinity. The area below is almost on certainly been manipulated by the Bank...
The USD/CAD pair rose during the session on Wednesday as the oil markets fell apart as well. However, we are approaching a fairly significant resistance area in the form of the 0.9850 level, and the next 100...
The GBP/USD pair fell during the session on Wednesday as the 1.62 level gave way as support. However, by the end of the day we saw the market bounce back up in order to form a hammer...
The EUR/USD pair fell during the Wednesday session, but got a bounce later in the day at the 1.2850 level in order to form a hammer. In fact, this pair suddenly looks bullish as we anticipate the...
The AUD/USD pair fell during most of the session on Wednesday, but bounced in order to form a hammer at the end of the day. This does suggest that perhaps the 1.03 level will act as support...
In the previous European trading exchanges, the Euro gained versus the British pound by 55 pips as European Central Bank President Mario Draghi stood in defense of the central bank’s new bond-purchasing plan, after reports surfaced that...
The euro remained bearish throughout the day yesterday, as ongoing concerns regarding the debt situations in Greece and Spain weighed down on investor confidence in the euro-zone economic recovery.
When the Fed announced last week they were going to resume the expansion of their balance sheet with another edition of QE, traders immediate reaction was to sell the USD and buy commodities. Positions were assumed accordingly,...
