USD The US dollar started the week on a strong note, despite the Federal budget balance release which confirmed that the government surplus of more than 100 billion USD has turned into a deficit of nearly 100...
The UK is scheduled to release its annual CPI reading today and possibly show bleaker inflation of 2.8% compared to the previous 2.9% reading. However, this is still way above the BOE’s 2% inflation target, which should...
The USD/JPY pair rose during the session on Monday, breaking back above the 97 handle. We will see resistance at 98, but quite frankly we think the longer-term trend is still going to be up over time.
The USD/CAD pair rose during the session on Monday, peeking back above the 1.03 level again. That being said, we still think that this market is basically range bound and aren’t overly impressed by this move.
The GBP/USD pair fell during the session on Monday, slicing back through the 1.55 handle. However, there is quite a bit of support below and we are not willing to start shorting this pair at the moment.
The EUR/USD pair fell during the session on Monday, as we sliced through the 1.33 handle. However, you can see that there is a significant amount of support below there, so the buyers may step in and...
The AUD/USD pair fell during the session on Monday, as it looks like the market is finally going to succumb to the weight of the downtrend again. That being the case, we are selling on a break...
USD The dollar bounced back to action against some of its counterparts on Friday, as traders booked profits off their short trades ahead of the weekend.
EUR/USD is still in a strong uptrend on its 1-hour time frame, as seen from the rising trend line that connects the price’s lows. It appears that another test of the trend line could take place within...
The USD/JPY pair fell during the Friday session, but as you can see did not clear the bottom of the hammer from Thursday, showing that there is at least some support in the form of 96. However,...
