The USD/JPY pair had a very quiet session on Tuesday as the market essentially hovered around the 93.50 level. This market looks like it’s trying to go sideways for the short term, possibly even with a downward...
The USD/CAD pair managed to break above the 1.01 level again for the session on Tuesday, and even managed to break above the highest from the Monday session.
The GBP/USD pair fell after initially trying to rally to get above the 1.55 handle on Tuesday. However, this failure led to a lower low, as we broke the bottom of the neutral candle from Monday.
The EUR/USD pair rose during the session on Tuesday as the 1.3350 level has acted as support. This market does look like it wants to consolidate between the 1.33 level and the 1.350 area, and as a...
The AUD/USD pair had a strong showing on Tuesday, after the RBA minutes came out suggesting that the Aussie economy was doing a little better than anticipated. However, we still see a significant barrier of resistance just...
The Australian dollar is deemed to sustain its gains opposite the Japanese yen today after the Reserve Bank of Australia said it saw signs that low interest rates are starting to stimulate the economy, managing to scale...
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and the Aussie but continued to appreciate against the Sterling and the Japanese Yen. Dollar Index (DX) finds resistance near 81.00 ranges; further...
CFTC Commitments of Traders (COT) Report, published 15 February 2013. There was about a 58K contract reduction in the combined net short position in the USD. The biggest reduction was in the Australian Dollar where the reduction...
USD: Bullish Liquidity was a little low at the start of the week so price action was limited. Now that U.S. traders are back from their President’s Day holiday, we might see bigger moves across the charts...
EUR/USD has been trading cautiously so far as the pair is currently consolidating into a pennant on the 4-hour time frame. With the euro zone printing weaker than expected GDP for Q4 2012 and consequently getting buried...
