Yesterday the EUR/USD par experienced a highly volatile trading session and ultimately closed at 1.5466. This closing price represented almost a 90 pip loss for the Dollar versus the Euro. Early morning trading in Asia added another...
The Greenback saw substantial growth last week versus a basket of it currency rivals, most notably against the Euro. The USD gained nearly 500 pips versus its cross-Atlantic counterpart, as the oft-traded EUR/USD pair saw its biggest...
USDCAD is testing 1.0326 previous high resistance. Consolidation would more likely be seen in next few days. Up trend will resume after consolidation and rise to 1.0750 is expected to follow. Key support is at 0.9818, only...
USDCHF formed a cycle bottom at 1.0147 on daily chart. Further rally to 1.0800 area is possible in next few day. Initial support is at 1.0300 and key support is at 1.0147, only break of the key...
USDJPY is in up trend. Further rise to 110.00 area to reach next cycle top on daily chart is still possible. Initial support is at 106.55 and key support is at 103.87, only break down below 103.87...
AUDUSD broke below the up trend line from 0.8953 to 0.9291. Deeper decline to test 0.9275 level is still possible next week. As long as 1.9275 support holds, we’d expect up trend to resume and rise above...
GBPUSD is forming a sideways consolidation in a range between 1.9363 and 1.9852. Pullback to retest 1.9363 level is still possible next week. As long as 1.9363 support holds, we’d expect up trend to resume and rise...
EURUSD is testing 1.5284 previous low support. If this support gives way, deeper decline to 1.5000 area to reach the next cycle bottom on daily chart could be seen. Initial resistance is at 1.5585, as long as...
Today’s US Dollar Trading• USD fails to hold gains• Stops run early• Two-way action suggests offers building Overnight Preview• Look for consolidation with a downside bias• USD likely to open lower in New York tomorrow Looking Ahead...
Today’s US Dollar Trading• USD continues to advance but volumes slow• Traders report thin order books• US data today benign Overnight Preview• Look for two-way trade• USD to consolidate Looking AheadAll times EASTERN (-5 GMT)• 10:35am USD...
