The US dollar took losses against most of its main currency rivals yesterday, as speculations that the Fed may soon initiate a new round of quantitative easing caused investors to shift their funds to higher yielding assets.
The EUR/USD pair bounced off of the 1.25 handle on Tuesday as the bullish run continues. However, we aren’t comfortable going long of the Euro at this point in time as there is a lot of resistance...
The USD/JPY pair fell during most of the Tuesday session as the pair dug its way back into the supportive area between 78 and 78.75. The pair looks like it’s been supportive at the 78 handle by...
The GBP/USD pair had a fairly wild session on Tuesday as the market when both up and down in order to finish slightly higher. The candle looks a bit like a hammer, but not convincingly sell.
The AUD/USD pair had a back-and-forth session on Tuesday as the daily candle ended up being very neutral. The pair does look anemic at this point in time, and a move to the 1.03 level looks to...
The USD/CAD pair fell during the session on Tuesday, but managed to bounce in order to form a fairly impressive hammer just below the 0.99 level. The hammer does suggest for the second time within the last...
The US Dollar slipped of yesterday’s European session highs to close weak, 81.00-81.20 is posting as support; daily close below 81.00 would lead to further depreciation in the USD across the board. Yesterday the benchmark equity index...
The Australian dollar sustained losses against the Japanese yen in the previous Asian trading exchanges as concerns over the global economy continue to dominate the markets, resulting to a decline in commodities.
The sudden spike up today has undone predictions of further downside. If it pierces above the 1.2561 highs then it will probably extend up to the 100-day MA at 1.2604. Another alternative is some range-bound activity, and...
Cable has reached a critical support level. It has fallen back down to the upper boundary of the triangle out of which it broke several days ago. The 100-day MA is at the same level also offering...
