The Euro is presumed to continue receiving a boost alongside the US dollar today after the European Central Bank delivered on its pledge to step in the bond markets in efforts to preserve the Euro.
Despite the unveiling of the ECB’s plans to lower borrowing costs in the euro-zone yesterday, the euro fell against most of its main currency rivals during afternoon trading, after it was announced that growth-forecasts in the region...
Gold rose above a small H&S pattern on the hourly chart yesterday and there was a short-covering rally to 1712. There is no strong resistance until you get to 1722 where the monthly and weekly pivots lie....
Eurodollar has reached a strong level of resistance at the 1.2625 mark where price has been repulsed several times before. A shooting star candlestick has already formed on the hourly chart and if a move lower evolves...
Expectations of the European Central Bank’s bond-buying plan were boosted by leaked versions of central bank President Mario Draghi’s plan that bond purchasing would be “unlimited.” As markets look forward to today’s ECB meeting, the single currency...
The euro rallied against virtually all of its main currency rivals during European trading yesterday, as details regarding the ECB’s plan to lower borrowing costs in Italy and Spain began to surface.
EUR/USD pair rose during the session on Wednesday as the 1.25 level held as support again. The 1.26 level has been pierced yet again, but is still offered a bit of resistance. With the ECB statement coming...
USD/JPY fell during the session on Wednesday, but bounced yet again in order to form a hammer within our well defined support zone. This hammer suggest that perhaps we will get a little bit of a lift...
The GBP/USD pair rose during the session on Wednesday after initially falling. At the end of the session though, we gave up some of the gains in this pair as well. The 1.59 level still looks very...
The AUD/USD pair fell yet again during the Wednesday session as the downtrend continues. However, it should be noted that the end of the day saw a bounce and we manage to form a hammer for the...
