The forex market is expected to be extremely volatile today, as the U.S. releases the results of the Non-Farm Employment Change at 12:30 GMT. The EUR Minimum Bid Rate at 11:45 GMT and U.S. Unemployment Claims at...
The surprise drop in consumer confidence in the United States yesterday has resulted in a sudden buy-up in USD as investors flock to safe-havens. With a market that appears to be lacking a clear direction recently, major...
An extremely bullish day for the equity markets pushed investors back to riskier assets and away from the safe haven USD and JPY, causing them to plummet against their riskier counterparts. The rally in equities along with...
After falling broadly late last week, the U.S dollar regained some ground on Monday as the market is watching cautiously to see if China will keep making comments on the reserve currency. China’s central bank did not...
USDCAD broke above the upper border of the falling price channel, suggesting that the downtrend from 1.3063 has completed at 1.0784 level already. Further rally to 1.1700 zone to reach the next cycle top on daily chart...
USDCHF breaks above 1.0986 resistance, suggesting that the downtrend from 1.1740 has completed at 1.0590 level already. Further rally is now in favor and the next target is at 1.1200, above this level will signal further rally...
USDJPY formed a cycle top at 98.88 level on daily chart. Falling 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 term resistance...
Being contained by the support of the rising trend line on daily chart, AUDUSD rebounds from 0.7789 level. Range trading between 0.7789 and 0.8263 is expected next week. However, the price action in the trading range is...
GBPUSD stayed in a trading range between 1.5801 and 1.6662 for several weeks. Breaking above the trading range is expected next week. A break above 1.6662 level will indicate that the uptrend from 1.3654 has resumed, then...
No changed in our view, EURUSD has formed a cycle top at 1.4338 level on daily chart. Drop to test 1.3748 support is expected next week, a break down below this level will signal deeper decline to...
