Risk appetite among investors continues to fade ahead of the second quarter earning season. With growing fears over disappointing earnings numbers due too weak consumer consumption, investors continue to turn to the safe haven USD and JPY...
The USD and JPY went strongly bullish in yesterday’s early morning hours, no doubt a remnant of the dire reports from the global economy faced last week. The sudden boost in risk aversion at the opening of...
At the beginning of this week, the forex market appears flatter than usual. Most currencies have leveled off and there appears to be quite a few consolidation trends on the technical charts. No doubt this pressure is...
USDCAD remains in uptrend from 1.0784, further rally is possible to test 1.1813 resistance next week. Near term support is at the lower border of the rising price channel on daily chart now at 1.1390, only clear...
USDCHF is in range trading between 1.0590 and 1.1021. Further rally is still in favor and the next target would be at 1.1200 or even higher. Key support is now at 1.0590, only fall below this level...
USDJPY is forming a sideways consolidation in a range between 93.53 and 101.43. Fall down to re-test 93.53 key support is expected next week. A break below this level will signal deeper decline to 90.00 zone. Near...
AUDUSD is testing the support of the rising trend line on daily chart, a clear break below the trend line support will signal further fall to 0.7650-0.7700 area. However, the price action from 0.8263 is more likely...
After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the uptrend from 1.3654 has completed at 1.6743...
EURUSD traded in a range between 1.3748 and 1.4338. Further fall to test 1.3748 key support is possible next week, a break below this level will signal deeper decline towards 1.3500 zone. Near term resistance is at...
The U.S Dollar gained about 1% versus the EUR and Canadian and New Zealand currencies Thursday after the U.S. government reported more job losses than expected, renewing concerns about the economy and enhancing the greenback’s safe-haven appeal....
