The USD/CAD pushed higher on Thursday, testing the 1.03 handle again. The 1.03 level is the top of the recent consolidation area, and the sight of massive resistance. The breaking of this area on a daily close...
The USD/CHF pair had a fairly quiet day on Thursday, but did form a small hammer of sorts. The pair is approaching the recent highs, and if the 0.93 handle gives way – this pair should continue...
The USD/JPY fell again on Thursday as traders continue to express a real lack of confidence in the global markets. The Bank of Japan has been intervening in the markets, pushing prices higher form time to time.
Gold drops to minimums of $1710.
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...
