The GBP/USD pair fell during the session on Thursday after initially trying to surge higher. The oddly shaped candle ended up being somewhat of a shooting star, but isn’t quite shaped correctly to get us too concerned....
The USD/CAD pair rose during the session on Thursday as the support continues to build around the 0.99 handle. The pair is currently towards the bottom of a larger consolidation zone between 0.98 and 1.04, and as...
The USD/JPY pair fell during the session on Thursday, but bounce slightly to form a hammer just above the 78.50 level. The pair is currently sitting on the upper end of a large support area from 78...
The US Dollar is still trading flat at 81.64 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board. The benchmark...
Technical analysis for 30.08
The GBP/USD is consolidating with a bias to the upside. My preference is for a missing wave higher to re-test the 1.5909 highs, with a break above the 1.5855 level providing some confirmation. Alternatively, the top of...
Earlier in the week, while doing an analysis of the recent COT report, I noticed something peculiar in the data for the Australian Dollar. During the past six weeks the number of futures contracts held by long speculators...
The EUR/USD pair is meandering without much direction at the moment. The deadening volume may be put down to a substantial portion of the market standing aside in anticipation of Jackson Hole. Nevertheless, the pair is still...
In yesterday’s European trading exchanges, the Euro incurred losses against the US dollar on reduced expectations over another monetary easing by the Federal Reserve because of better than expected US economic data.
The US dollar was able to recoup some of its recent losses during European trading yesterday, as better than expected US data helped boost confidence in the American economic recovery. Today, potentially significant news out of both...
