AUD/USD fell during the session on Monday as the markets were initially weak in Asia and Europe. The Aussie is always receptive to the “risk appetite” globally, and as a result will often fall in these situations.
USD/CHF rose during the session on Monday as the markets bounced in the Dollar’s favor. The 0.91 level acted as support, and as a result we saw traders step in at that area.
GBP/USD fell on Monday, but managed a bounce late in trading to form a hammer. The 1.57 level is looking supportive at this point, and it appears that the market may want to make a run at...
The USD/JPY pair fell during the Monday session, and even went so far as to fall below the 76.50 level that has been so obviously supportive over the last several months.
EUR/USD fell during the session on Monday as the markets were in “risk off” mode again. The pair did find support at the recent 1.31 resistance level however, and this is a bullish sign now that the...
The Dollar Index tried to trade strong during the Asian session and the European session but continued last week’s fall after the Dow Industrials recovered from the lows during mid New York trade. It is trading near...
Market review for 23 – 27.01, 2012
The US dollar closed last week on a bearish note, as it took significant losses against most of its main currency rivals, including the euro and Japanese yen. The dollar began to decline during the middle of...
The Dollar Index is trading near to the support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not...
USD/CAD fell on Friday as traders continued to sell the Dollar in general. However, the parity level continues to put up a fight and offer support. The pair has yet to close convincingly below that mark, and...
