A report released from the World Gold Council showed central banks more than doubled their gold purchases in Q3. With increasing expectations of QE3 coming from the Fed this quantity of gold buying may continue to support...
Correction in most of the asset classes coupled with uncertainty in the Euro zone is resulting in stronger Dollar. Short-term trend is range between 78.80 and 76.40 where as the medium-term trend is range bound between 81.20...
The pound was pressured by the UK labor market report.
The BoE is one step closer towards additional quantitative easing (QE) with the release of the Bank of England’s inflation report. Growth is expected to be flat as austerity measures weigh on the UK economy. Deterioration in...
Dollar index continued recovery from the short-term support of 76.70; which resulted in profit taking in most of the asset classes. Short-term trend is range between 78.80 and 76.40 where as the medium-term trend is range bound...
Greetings. Let’s take a look at the USD/JPY chart. We’re seeing a down movement but it looks like the pair may be getting ready for a potential upward turn. Look for the pair to potentially test the...
The Euro continues its downtrend. The U.S. economic stats contributed to the increase of U.S. Dollar.
The AUD/USD pair fell on Tuesday, but bounced at the end of the session to form a hammer. The bullish candle looks as if it is reiterating the support at the 1.01 level. The pair has been...
USD/CHF rose during the Tuesday session as the “risk off” trade continued to push traders towards the US dollar. The pair is supported by the Swiss National Bank as the central bank is working to keep the...
The GBP/USD pair fell hard on the Tuesday session as traders continue to sell off the Pound and run to the safety of the US dollar. The pair also broke the bottom of two weekly hammers during...
