The AUD/USD pair fell during the session on Tuesday as the consolidation between 1.05 and 1.06 continues. The market does look healthy overall, and unlike its cousin the New Zealand dollar, the Australian dollar is an overextended.
Market Commentary The US Dollar continued to depreciate across the board; the Dollar Index (DX) continued to fall for continuous sixth session. The Dollar Index is currently trading flat at 79.37 after correcting from intermediate resistance of...
Technical analysis for 18.12
Economic news Today’s Forex market openings continue to be dominated by updates on the US fiscal cliff talks, Japan’s election results as well as the anticipated release of the UK November Consumer Price Index figure later in...
CFTC Commitments of Traders (COT) Report, 11 December 2012. The net spec short position in the USD grew this past week from 68K contracts to 109K contracts. While the aggregate net position is USD short, the specs...
Following Japanese elections over the weekend, in which the party favoring additional monetary easing won a landslide victory, the JPY proceeded to tumble throughout the day yesterday.
The Euro is deemed to continue its strength opposite the US dollar today as European Central Bank President Mario Draghi foresees a gradual economic recovery for the Euro Zone in the next year.
The USD/JPY pair gapped higher from the weekend after the announcement that the opposition party had won a super majority in Parliament during the Japanese elections. This led to an interesting Monday session, as we actually lost...
The USD/CAD pair initially rose during the session on Monday, only to be turned back around at the 0.99 area. This market looks like its dead set on falling, and as such we are ready to begin...
The GBP/USD had a strong session on Monday, and even managed to break above the highs from the Friday shooting star. This is a very bullish sign, and we do believe that a move above the 1.62...
