USD The dollar weakened yet again in yesterday’s trading as the PPI reports turned out to be a disappointment while Bullard’s speech cautioned against easing too soon. This throws water at the Fed’s Septaper plans, considering how...
AUD/CAD’s falling channel on its 4-hour time frame is still holding really well, as the pair is now making another test of the trend line with stochastic in the overbought region.
Economic data released today shows that the Eurozone technically exited their 18 month long recession as GDP expanded by 0.3% in the second-quarter of 2013. Portugal expanded the most and grew 1.1%, followed by Germany and Finland...
USD The Greenback enjoyed stellar gains in yesterday’s trading, as the US retail sales report came in better than expected. In particular, the core version of the report showed a 0.5% uptick, which is better than the...
The bottom of GBP/JPY’s 4-hour range held as support yesterday as the pair bounced off the 149.00 area and rallied to 152.00. Right now, GBP/JPY is stalling around the middle of the range, still undecided whether to...
The USD/JPY pair rose during the session on Tuesday, breaking back above the 98 handle. This is psychologically significant, and as a result we are more than willing to buy this pair on a pullback that shows...
The USD/CAD pair rose during the session on Tuesday, for the second day in a row. This of course is a very strong sign, except for the fact that we are currently stuck in what we consider...
The GBP/USD pair fell during the session on Tuesday after initially trying to rally and get back above the 1.55 handle. This failure produced a shooting star, and that of course is a very negative sign. We...
The EUR/USD pair fell during the session on Tuesday, but as you can see found enough support to bounce a bit towards the end of the day. There is plenty of support below, and until we get...
The AUD/USD pair fell during the session on Tuesday, forming a shooting star after initially trying to make something positive out of the day. Because of this, we still feel that this market is going to fall,...
