The USD/CAD pair tried to rally during the session on Monday, only to turn around and form a shooting star at the all-important 1.0150 level. The currency pair and the oil markets are both in harmony as...
Once again currency futures speculators increased their euro and Swiss franc shorts. The total euro short advanced to 204,608 contracts and the SF to 35,035. Since the Swiss National Bank has pegged the franc with the euro,...
The US dollar saw a bearish day yesterday vs. the Japanese yen, following worse than expected US Retail Sales and Core Retail Sales figures which signaled to investors that the American economy still has a long way...
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The aussie has risen and re-touched the trend-line which it broke out of last week. Further resistance from the 100-day MA has also helped depress prices. Nevertheless, we have seen a recovery of more than 76.4% of...
The EUR/USD pair has formed a head and shoulders pattern on the hourly chart with neckline currently threatened. My preference is for break and more downside with the target for the move at 1.2170 and the weekly...
The euro was able to bounce back from a two-year low against the US dollar on Friday, as Chinese economic indicators led to a moderate amount of risk taking in the marketplace.
Friday 13th 2012. One of the reasons given for the modest rally in European stocks today is the Chinese GDP released last night. It had been estimated the quarters GDP would be down to 7.7%, last year it...
No changed in our view, USDCAD remains in downtrend from 1.0445, the price action from 1.0159 is likely consolidation of the downtrend. Support is at 1.0100, a breakdown below this level could signal resumption of the downtrend....
USDCHF’s uptrend from 0.8931 extends to as high as 0.9872. The uptrend could be expected to continue over the next several days, and next target would be at 1.0000. Support is now at 0.9700, only break below...
