CFTC Commitments of Traders (COT) Report, published 22 January 2013 – Technical Analysis. The latest COT report shows that the aggregate spec short position in the USD was reduced to 175K, down from 200k in the previous...
The British pound is foreseen to extend its losses alongside the Euro today on expectations that the Bank of England is preparing to take more aggressive action to boost the UK economy, which is teetering close to...
Increased confidence in the euro-zone economic recovery, largely due to a strengthened banking sector, helped keep the euro within reach of its recent 11-month high against the US dollar yesterday.
The Euro is deemed to maintain its strength alongside the Japanese yen today on additional positive signs that Germany is gathering speed again after contracting in the fourth quarter, boosting prospects for the 17-nation bloc.
The USD/JPY pair fell during the Friday session as the profit taking continued. However, we have a lot of support at the 90 level, so the pullback will more than likely be short-lived at best.
The USD/CAD pair originally rose during the session on Monday, but found the 1.01 level to be far too resistant yet again. This market had previously seen quite a bit of resistance at the 1.0050 level, and...
The GBP/USD pair fell heavily again on Monday, as incoming Bank of England chairman Mark Carney suggested that further easing couldn’t be ruled out in the case of the United Kingdom.
The EUR/USD pair fell most of the session on Monday, but did bounce towards the end of the day also the 1.34 level in order to form a bit of a hammer. This hammer is just below...
The AUD/USD pair fell during most of the Monday session, but found enough support at the 1.04 region that we bounced hard enough to form a hammer. This hammer suggests that we are bound to take another...
The euro saw substantial bullish movement on Friday, amid signs that the euro-zone economic recovery is gaining momentum. Meanwhile, speculations that the Bank of Japan will take additional monetary easing steps in the near future caused the...
