The USD/CAD currency pair fell during the trading session on Thursday, and even managed to bounce off of the 0.99 handle for support. The resulting candle ended up being a hammer, and we are just below the...
The GBP/USD pair had a wild session on Thursday as we were both positive and negative by the end of the day. However, the candle that formed was a shooting star with a slightly negative bias sitting...
The EUR/USD pair is without a doubt one of the least interesting ones at the moment. We are caught between the 1.3150 support level, and the 1.3300 resistance level.
Market Commentary Amidst volatile session witnessed in the benchmark equity index of Dow Industrials (.DJIA) the Dollar Index (DX) ended flat after swinging between 79.89 and 79.42. The Dollar Index after finding support at 79.00 ranges is...
The British pound is looking forward to some respite in its exchanges versus the US dollar after finding support at the 1.6108 price mark. Fiscal cliff talks resume today in the United States, and the markets are...
Higher-yielding currencies and commodities saw bullish movement yesterday, as US lawmakers prepared to renew budget negotiations before the “fiscal cliff” of tax increases and budget cuts go into effect at the beginning of the year.
The USD/JPY pair shot straight up at the open after the Christmas holiday on Wednesday. We are significantly above the 85 handle now, and as a result feel that this market has completely broken out and has...
The USD/CAD pair rose during the session on Wednesday as we continue to press up against the 0.9950 resistance level. This market will move in reaction to the fiscal talks in Washington DC, as both economies are...
The GBP/USD bounced back and forth during the session on Wednesday as the 1.61 handle continues to attract support. Looking at this market, we still feel that it is relatively supportive, and as such we would be...
The EUR/USD pair rose during the session on Wednesday as the bullishness continues. However, the market still looks like it is trying to consolidate between the 1.3150 and 1.33 levels.
