The USD/CAD pair fell during the session on Tuesday as the US dollar looks set to be debased again by the Federal Reserve. With further quantitative easing seemingly coming on Thursday, this should increase the demand for...
There are a number of risk events this week that can propel equity and currency markets.
The US Dollar continues to slip across the board; after the Dollar Index closed below 81.00 ranges it continued to slide to currently trade at 79.80 ranges; 78.20-78.90 is now the watch out support.
The euro came within reach of a four-month high against the US dollar yesterday, as speculations that a German court will rule in favor of the euro-zone bailout fund led to risk taking in the marketplace.
Eurodollar is still in a short-term up-trend and it will probably continue higher, with trend-line resistance at 1.2900 possibly providing an upside target. Nevertheless, watch-out for resistance from the 50-day moving average at 1.2835 which could also...
The inside day, yesterday, coming as it did at the end of a strong up-trend, may be an indication of reversal. There is downwards pressure today and a topping pattern with several shooting star candlesticks on resistance...
Commitment of Traders (COT) Report. The speculator composite net position in the USD is now about even. Usually when specs flip from one side of the market to the other, this trend stays with the market for a...
Gains of the Euro were limited in the previous European trading exchanges on waning optimism as the European leaders embrace the much awaited verdict of the German Constitutional Court as to the legality of the Euro Zone’s...
The EUR/USD pair fell during the Monday session, as the 61.8% Fibonacci retracement level offered resistance. This happened to be just at the 1.28 handle, so the two combined were probably a bit strong for the buyers...
The USD/JPY pair had a very quiet session on Monday as the world awaits the High Court decision out of Germany, the result of the Federal Reserve meeting, and the Dutch election results.
