The GBP/USD pair fell during the session on Monday as the markets continue to reach for the 1.60 support level. However, towards the end of the day we saw buyers stepped back into the marketplace, and as...
The EUR/USD pair had a positive session after going back and forth during the Monday trading hours. However, we are so comfortably above the 1.33 level, and as a result we still think buying is the only...
The AUD/USD pair had a positive showing on Monday, but still remains well underneath the massive resistance barrier that needs to break in order to truly become a bullish proposition.
Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
The euro appreciated significantly against other major currencies after ECB President Mario Draghi announced at a news conference on Thursday that the bank’s decision to keep its key interest rate unchanged was taken unanimously by the bank’s...
The euro saw bullish movement against most of its main currency rivals on Friday, as investor confidence in the EU economic recovery remained high after the European Central Bank left interest rates unchanged earlier in the week.
Comments from Japanese and Australian leaders over the weekend are deemed to sustain the bullish trend of the AUDJPY to begin the new trading week. Japanese Prime Minister Shinzo Abe continued to call on the Bank of...
USDCAD breaks below 0.9824 support and reaches as low as 0.9815, suggesting that the downtrend from 1.0055 has resumed. Further decline could be expected next week, and next target would be at 0.9700 area.
USDCHF has formed a cycle top at 0.9302 on daily chart. Further decline to test 0.9083 support could be seen next week, a breakdown below this level will signal resumption of the downtrend from 0.9511, then next...
USDJPY’s upward movement from 77.14 extends to as high as 89.44. Further rise could be expected next week, and next target would be at 91.00 area. Support is now at 88.00 only break below this level will...
