Risk taking in the marketplace, largely due to hopes that US budget negotiations would soon be resolved and the “fiscal cliff” of tax increases and spending cuts would be avoided, helped higher yielding assets, including the euro,...
The USD/JPY pair fell during the session on Thursday, but remains above the 84 handle as it appeared to offer support. The area is one that we have been wanting for quite some time, and now that...
The USD/CAD pair fell from the 0.99 resistance level during the Thursday session as we continue to bounce around in this consolidation box. It appears that we have a bottom at the 0.98, and the top and...
The GBP/USD pair rose during the session on Thursday as we continue to try and pound through the 1.63 level. This area is significant resistance, and if we can get above that this would be a very...
The EUR/USD pair tried to rally during the Thursday session, but failed once we got closer to the 1.33 handle again. This is the second shooting star in a row on the daily chart, and it does...
The AUD/USD pair went back and forth during the Thursday session as the 1.05 level still is acting as resistance. The pair continues to find the area below current price as supportive, as well as the 1.04...
Market Commentary The US Dollar Index is showing resilience at the key support of 79.00 ranges on the event of correction witnessed in most of the asset classes, especially in the benchmark equity index of Dow Industrials...
A better than expected German Ifo Business Climate figure yesterday, helped the euro extend its recent bullish trend during the European session. Higher-yielding commodities, including crude oil, were also able to benefit from risk taking after the...
Market Commentary The US Dollar Index recovers from key support of 79.00 ranges on the event of correction witnessed in most of the asset classes, especially in the benchmark equity index of Dow Industrials (.DJIA). The Dollar...
The USD/JPY pair initially rose during the session on Wednesday, but met significant resistance above, and formed a shooting star. However, we also see the fact that recent action has been so bullish that we think they...
