The Dollar Index fall for second consecutive day after entering historic congestion zone of 80.50-81.20. Unusual correlation is observed between the benchmark equity index of the Dow Jones Industrials and the Dollar Index during the past couple...
While the US dollar was able to move up against many of its main rivals during morning trading yesterday, the currency was not able to maintain its bullish trend during the evening session.
The EUR/USD pair fell for most of the session on Tuesday as the 1.3250 level held as resistance. However, by the end of the day we saw a bounce in this pair, and the resulting candle was...
The USD/JPY pair rose during the Tuesday session to break the top of the hammer that the pair formed on Monday. The signal was bullish, and as a result more traders came into the market. The range...
GBP/USD fell for most of the session on Tuesday to form a bearish and red candle. However, the pop at the end of the day also made a bit of a hammer. It is at the top...
The USD/CAD pair spiked quite nicely during the Tuesday session as the Saudis announced that they are able to increase output in the oil markets to help contain pricing. The Canadian dollar tends to follow the value...
The AUD/USD pair fell hard on Tuesday after a BHP Billiton exec was quoted as saying Chinese demand for hard commodities out of Australia was weakening. The Chinese have been the lone hope for a lot of...
USD/CHF rose during most of the session on Tuesday as the “risk off” trade came back just a bit. The pair has massive support from 0.91 to 0.90, and the 61.8% Fibonacci retracement level is just below...
The statements of German Chancellor, Ms. Angela Merkel provided support for the Euro currency.
The EUR/USD pair rose during the session on Monday as the markets continue to breathe a sigh of relief after the Greek bailout package was passed. However, the 1.3250 level is just above, and it looks as...
