The Australian dollar sustained losses against the Japanese yen in the previous Asian trading exchanges as concerns over the global economy continue to dominate the markets, resulting to a decline in commodities.
The sudden spike up today has undone predictions of further downside. If it pierces above the 1.2561 highs then it will probably extend up to the 100-day MA at 1.2604. Another alternative is some range-bound activity, and...
Cable has reached a critical support level. It has fallen back down to the upper boundary of the triangle out of which it broke several days ago. The 100-day MA is at the same level also offering...
The markets seemed to have disregarded the German Ifo Business Climate report as the Euro still managed to edge higher over the US dollar in the previous European trades, despite posting a fourth straight decline in August...
EUR/USD attempted to rally during the Monday session, but fell in order to form a shooting star that is sitting just at the 1.25 handle. Looking at this chart, it does in fact look like the downward...
The USD/JPY pair had a very quiet session on Monday, in order to form a very neutral candle. We are sitting on top of support though, and as such it looks like a break to the upside...
The GBP/USD pair attempted to rally during the Monday session, but fell off and managed to break down well below the 1.58 level. This is a very bearish sign as the day is closing out the session...
The AUD/USD pair fell during the session on Monday as the 1.04 level has given way. The market appears like it is one seems to accelerate to the downside, but the 1.03 level should provide some type...
The USD/CAD pair fell during the session on Monday, but managed to bounce in order to form a hammer by the end of the trading day. Interestingly enough, the oil markets looked relatively weak on a day...
Commitments of Traders (COT) Report. Specs continued to buy the Australian and the Canadian Dollars. The aggressive acquisition of these two currencies, plus, to a small extent, the NZ$, almost negates the big positions the specs have...
