USDCAD broke below 0.9667 support, suggesting that the downtrend from 1.0672 has resumed. Further fall is expected in a couple of weeks and next target would be at 0.9500 area. Resistance is at 0.9700, as long as...
USDCHF’s bounce from 0.8922 extended to as high as 0.9339. Further rally is still possible in a couple of days and next target would be at 0.9400 area. However, the bounce is treated as consolidation of long...
USDJPY’s rise from 76.40 extended to as high as 84.71. Further rise to 86.00-87.00 area to reach next cycle top on daily chart is possible. Support is now at 83.00, a breakdown below this level will indicate...
AUDUSD’s upward movement from 0.9704 extended to as high as 1.0394. Further rise is still possible, and next target would be at 1.0500 zone. Support is at 1.0200, as long as this level holds, uptrend could be...
GBPUSD may be forming a cycle bottom at 1.5936 level on daily chart. Further rise towards 1.6400 previous high would likely be seen in next several days. Support is at 1.5936, only break below this level could...
EURUSD is in uptrend from 1.2874, the price action in the trading range between 1.4020 and 1.4248 is treated as consolidation of uptrend. Another rise to test 1.4281 would likely be seen, above this level will target...
Euro-zone interest rates expectations ruling the market.
There will be little room for any April Fools jokes going into the trading day taking into context the state of the broad markets and the amount of concerns that shadow. The equity markets led by Wall...
Today’s non-farm payrolls report combined with the ISM Manufacturing PMI are expected to show further improvement in the US economy. With the increase of risk appetite, commodity prices have soared, benefitting the commodity currencies of Australia and...
The US Dollar remained soft the Common Currency though profit booking was seen in EURSUD in at recent highs of 1.4230 ranges; the Cable slipped off yesterday highs hit during the European trade to stabilize in the...
