The USD/CAD has been under pressure once again yesterday after the BoC rate decision. If the rate was confirmed at 1,00% as expected, the Central Bank has used a pretty hawkish tone which lead to a broader...
The market seems to have found a good support on top of 0,81. Considering the previous breakout of the daily range, it might be only a pullback towards former support at 0,83.
After a confirmed break below critical level at 80,00 from last week, the pair has been trading flat for a few days now.
The Pound has found some support on top of 1,60 over the last 2 days. The pair is still well capped by its daily descending trendline but a break above 1,62 might validate a bullish resumption with...
The market has been consolidating since the breakout of the daily triangle from last week. The outlook remains unclear given the macro-economics themes with market participants waiting for a significant catalyst to define their trading strategy.
Market Review – 19/07/2011 21:55 GMT Euro rises on optimism over EU summit The single currency edged higher on Tuesday due to optimism that a deal will be reached to provide further aid for Greece at the...
ForexPros Daily Analysis July 19, 2011 Is Reversal Next in USD/JPY? Following weeks or relative inaction, the USD-JPY finally sprang to live last week. The price found solid resistance at the 100 SMA, around 81.60, and sold...
Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
Quite trading session was witnessed in the FX market where in the USD remained flat by the end of New York close. It seems that the all the eyes are Euro Zone debt crisis and the US...
News of debt contagion spreading across the euro zone has several economists worried that a toppling of consumer confidence may be up next, followed by additional ratings downgrades that lead into an ever deepening spiral of debt...