Yesterday’s drop in Crude Oil prices lent weight to the notion that traders are expecting the consolidating USD to spike in value versus its major currency pairs in the not-too-distant future. The passage of Barack Obama’s stimulus...
The EUR fell sharply in late-day trading after it was reported that Russian banks may seek to restructure over $400 billion loans. This adds to the already fragile European banking system and highlights the considerable tension that...
The U.S. Senate is slated to vote early next week on an economic stimulus package totaling at least $780 billion that President Barack Obama said is needed to prevent the economy from sinking into a deeper recession....
USDCAD formed a sideways consolidation in a range between 1.1464 and 1.3015 for several months. The price action from 1.3015 is more likely a triangle pattern. Consolidation in a range between 1.1761 and 1.2765 is now in...
USDCHF is in medium term uptrend. Further rise is still possible to 1.2000 zone in a couple of weeks. Key support is located at 1.1313, only fall below this level will indicate that the medium term uptrend...
USDJPY continues the sideways consolidation in a range between 87.12 and 94.61. Further rally to test the previous high resistance at 94.61 would more likely be seen next week, a break above this level will indicate that...
AUDUSD breaks above the key resistance at 0.6729, suggesting that a cycle bottom has been formed at 0.6248 on daily chart. Further rise is now in favor, and the target would be at 0.7100 zone. Key support...
GBPUSD formed a cycle bottom at 1.3503 level on daily chart. Further rise towards 1.5400 area to reach the next cycle top is expected in a couple of weeks. Initial support is located at 1.4050, only fall...
No changed in our view, EURUSD remains in medium downtrend. Deeper decline is still possible next week. The next target would be at 1.2500-1.2600 area. Key resistance is now located at 1.3329, only rise above this level...
The Dollar consolidated gains against the EUR and JPY before the high impact U.S. Non-Farm Payrolls Report is released today. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good...
