USD After falling broadly against most of its major pairs yesterday, the Dollar is still low this morning. The Retail Sales Announcement returned disappointing news and caused the US Dollar to fall to a two month low...
The Dollar fell broadly on Thursday amid negative news reports that all but dashed hopes of an interest rate hike in the near future. Today, investors will be looking at two reports that could impact USD. The...
EUR/USD Open 1.4497 High 1.4552 Low 1.4406 Close 1.4498Euro/Dollar started correcting downwards on Thursday, as expected, from 1.4552 to 1.4409, closing the day at 1.4498. The ascending movement on Wednesday was limited at 1.4574 resistance, and we...
Many times in trading we hear the terms overbought and oversold. We hear an analyst state that the AUD/USD is overbought and due for a correction or that the USD/CAD is oversold and due for a bounce....
One of the best technical tools we can use in our analysis is the strength or weakness of other currency pairs.
USD/JPY Open 91.34 High 92.03 Low 90.94 Close 91.38Dollar/Yen continued climbing on Wednesday insignificantly, as expected, from 90.94 to the 91.52, closing the day at 91.38. Signals are expected to remain upwards in the short term, as...
Market Notes: Tonight we had some good news from Australia with unemployment rate shrank by 0.2% from a previous reading. This means that the carry trade is “alive”.EU interest rate decision is expected to stay unchanged for...
GBP/USD Open 1.6281 High 1.6307 Low 1.6141 Close 1.6277Pound/Dollar continued climbing on Wednesday, as expected, from the 1.6140 bottom to the 1.6300 top, closing the day at 1.6277. On the 15 minute chart we have a very...
AUD Over night, the AUD returned to its early momentum and rallied upwards as the Australian’s unemployment data was released, adding three times more jobs than forecasted. The unemployment rate fell 0.1% to 5.5% from November the...
The U.S Dollar remained lower against most major rivals on Thursday after the Federal Reserve’s report on regional economic conditions said conditions were improving modestly. Traders said the focus was now turning to the U.S. reports on...
