The second Greek election, Sunday the 17th of June, has been portrayed as a referendum on the Greek membership in the euro. The election results will remain unknown until after the polls close today, and even polls...
USDCAD is now in downtrend from 1.0445. Further decline would likely be seen next week, and next target would be at 1.0000 area. Resistance levels are at 1.0325 and 1.0445, only break above these levels could trigger...
USDCHF breaks below 0.9500 key support, suggesting that a cycle top has been formed at 0.9769 on daily chart, and the upward movement from 0.9043 has completed. Deeper decline could be expected next week, and next target...
USDJPY has formed a cycle bottom at 77.66 on daily chart. Another rise to test 80.61 key resistance would likely be seen next week, as long as this level holds, the price action from 77.66 could be...
AUDUSD has formed a cycle bottom at 0.9581 on daily chart. The pair is now in uptrend from 0.9581, further rise could be expected next week, and next target would be at 1.0300 area. Support is at...
GBPUSD failed to break below 1.5236 support, and rebounded from 1.5268. Further rise is still possible next week, and next target would be at 1.6000 area. Support is at 1.5450, only break below this level could trigger...
EURUSD has formed a cycle bottom at 1.2288 on daily chart. Further rally is still possible next week, and next target would be at 1.2800-1.2900 area. However, the rise from 1.2288 is likely consolidation of the downtrend...
The euro failed to make significant movements in trading yesterday, despite rising Spanish and Italian bond yields which many analysts had predicted would bring the common-currency lower vs. its main rivals.
The USD/JPY pair fell for the session on Thursday as the pair is essentially stuck between the 0.79 and 0.8050 levels, and is simply looking for some kind of direction to follow. The Bank of Japan is...
The USD/CAD pair fell during the session on Thursday as the comments by several central bankers suggested that even more easy money would be on the way if the Greek elections caused a market meltdown. This isn’t...
