The AUD/USD pair fell during the Friday session as the Aussie continues to underperform. The market has been consolidating between the 1.02 and 1.06 levels, and has a “midpoint” of 1.04 to guide the markets.
The US dollar is foreseen to gain opposite the Australian dollar today on views that an expected buoyant Non-Farm Payrolls report could spur the Federal Reserve to start considering a rollback of its easy monetary policy.
Forex traders who correctly anticipated the yen was going to fall against other currencies have had a good month. At the beginning of January, the USD/JPY was trading just under 87¥ to the USD. By the end...
The euro saw a temporary downward correction during morning trading yesterday, following a worse than expected German retail sales figure that caused investors to shift their funds to safe-haven assets.
The USD/JPY pair rose during the session on Thursday as the Yen continues to weaken against almost everything its used to buy. The pair has broken out, and the 90 handle should now continue to offer support...
The USD/CAD currency pair fell rather strongly during the Thursday session as we broke the bottom of the shooting star from Wednesday. If you watched yesterday’s video, you know that we had suggested that a break down...
The GBP/USD pair rose during the session on Thursday, as the selloff has abated, and the 1.58 area is starting to show real strength. Because of this, we think that the analysis that we have been going...
The EUR/USD pair initially fell during the Thursday session, but found enough buyers to push the market back up and form a hammer. This hammer since just below the 1.36 level, and we believe that the Friday...
The AUD/USD pair went back and forth during the session on Thursday, finishing just above the 1.04 level again. It does look as we said yesterday that we are looking at consolidation going forward, and that this...
Economic news The euro surged to a near 14-month high against the dollar in early trading hours on Thursday, after the Fed announced its decision to keep the current interest rate of 0.25%; the bond-buying program, worth...
