The EUR/USD pair is meandering without much direction at the moment. The deadening volume may be put down to a substantial portion of the market standing aside in anticipation of Jackson Hole. Nevertheless, the pair is still...
In yesterday’s European trading exchanges, the Euro incurred losses against the US dollar on reduced expectations over another monetary easing by the Federal Reserve because of better than expected US economic data.
The US dollar was able to recoup some of its recent losses during European trading yesterday, as better than expected US data helped boost confidence in the American economic recovery. Today, potentially significant news out of both...
The EUR/USD pair fell during the session on Wednesday in order to come back down and retest the 1.25 area. The hammer shaped candle from the Tuesday session continues offer support at this point in time, but...
USD/JPY had a fairly quiet session on Wednesday as the support area down to the 78 handle continues to hold the market up. This area seems to be rather strong, and as we know that the Bank...
The US Dollar is trading flat at 81.54 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board.
The GBP/USD pair had a fairly wild ride on Wednesday, as it both rose and fell during the trading session. By the time it was all said and done, the market had finished in a fairly neutral...
The AUD/USD pair attempted to rally during the Wednesday session, but fell short as the sellers step back into the marketplace. We are currently trading right around the 1.0350 level, which of course is relatively close to...
The USD/CAD pair had an interesting session as it continues to show signs of support at the 0.9850 level on Wednesday. The hammer that was formed on Tuesday matches a hammer that was formed the previous week,...
The Australian dollar posted losses against the Japanese yen in the previous Asian trading session as worries over the global economy continued to weigh on the former. Also, construction work done in August declined to the lowest...
