The GBP/USD pair fell during the first part of the trading session on Tuesday, only to bounce back to form yet another hammer. This is the second one in a row, and after the massive bullish action...
The AUD/USD pair shot straight up on the Tuesday session as traders began to speculate that easing out of both China and the United States could add more of a boost to the global economy.
The USD/CAD pair fell during the session on Tuesday as oil prices rose yet again. The 1.01 level continues offer support, but only just barely. We believe that a break below the hammer lows from the early...
The US dollar saw significant gains during the afternoon session yesterday, following a speech from Fed Chairman Bernanke which resulted in investors shifting their funds back to the greenback. Turning to today, dollar traders can anticipate another...
The GBP/USD has been unfolding lower in an expanding triangle visible on the daily chart. The recent up-leg has encountered resistance from the upper boundary line at the current 1.5645 highs. From here there is a possibility...
The yen has been correcting back and it has now reached a 61.8% Fibonacci of the previous move. My preference is for more downside given the incomplete wave sequence down from the March highs. A break below...
The dollar fell sharply on disappointing results of the U.S. Advance Retail
Important discourses from the North American central banks are expected to lift market volatility today, where the Canadian dollar is anticipated to gain opposite the US currency. The Bank of Canada is scheduled to release the nation’s...
The EUR/USD pair is rising within a down-sloping channel. It will probably reach the upper channel line at 1.2360. The target for the double bottom and the monthly pivot, however, lie slightly higher at 1.2380 – another...
The International Monetary Fund has stepped up its warnings on risks to the global economy, especially from Europe, as it trimmed its growth forecast for the rest of the year.
