GBPUSD is in range trading between 1.5801 and 1.6743. Further rise to test 1.6743 previous high resistance is possible next week and pullback would more likely be seen before breaking above this level. Near term support is...
EURUSD is testing 1.4338 previous high resistance, pullback would more likely be seen before breaking above this level. Key support is now at 1.4050, a break below this level will indicate that a cycle top has been...
The USD is set for another volatile action-packed trading day as this weeks’ trading comes to a close. The Dollar saw sharp moves against the EUR, GBP and JPY yesterday. This type of behavior is set to...
Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock market rally seen yesterday may have been...
The U.S Dollar rose against most other major currencies Tuesday, as comments by Ben Bernanke eased concerns that policy-makers won’t act decisively to head off inflation spawned by efforts to counter the credit crisis. The Federal Reserve...
Yesterday’s rally on Wall Street, which led to a devaluation of the major safe-haven currencies such as the USD, was led by a decision from CIT, a large financial firm, in favor of a $3 billion bankruptcy...
AUDUSD breaks above the resistance of the upper border of falling price channel, suggesting that a cycle bottom has been formed at 0.7703 level on daily chart, and the uptrend from 0.6248 has resumed. Further rally is...
The U.S. dollar has ceded further ground on Monday as concerns about the U.S. economy abated and broadly improved corporate earnings lifted risk appetite and regional stock markets. The weak U.S. dollar had traders pushing up commodity...
After breaking below the lower border of the price channel, USDCAD drops sharply to as low as 1.1116 level. Further fall towards 1.0784 previous low is expected next week. Near term resistance is at 1.1260 followed by...
USDCHF stays in a trading range between 1.0590 and 1.1021. Deeper decline to 1.0600-1.0650 area to reach the next cycle bottom on daily chart is expected next week. However, 1.0590 key support would more likely be held,...
