The US dollar is presumed to continue its weakening trend alongside the Swiss franc today on views that negotiations to avoid the debilitating fiscal cliff of tax increases and spending cuts are not making headway with the...
After taking moderate losses during overnight and early morning trading yesterday, the euro was able to resume its upward trend later in the day. The common-currency’s bullish movement came largely as a result of risk taking due...
The USD/JPY currency pair rose during the session on Thursday as we continue to get bullish action and obvious signs that the Bank of Japan will continue to loosen their monetary policy. Because of this, this isn’t...
The USD/CAD pair has been one that has been very interesting lately, as we broke down below a significant support level in the form of the 0.99 handle. However, since then we have seen is somewhat tentative...
The GBP/USD pair fell during the session on Thursday after forming a shooting star on Wednesday, which of course is a classic sell signal. However, the pair pulled back slightly only to bounce and formed a hammer...
The EUR/USD pair did very little during the session as we went back and forth but essentially got nowhere. This market looks like it’s starting to overextended itself a little bit, but we have to admit that...
The AUD/USD pair fell during the session on Thursday after forming a beautiful shooting star on Wednesday. However, a lot of the losses pulled back, and as a result it looks like the market wants to continue...
Market Commentary The US Dollar trade mixed wherein it traded flat against the Common currency and the Aussie whereas it has appreciated against the Cable and the Japanese Yen and continued to appreciate against the Swiss Franc....
The US dollar took losses against most of its main currency rivals throughout European trading yesterday, amid speculations that the Fed would announce an expansion of its bond buying program to boost the US economic recovery.
The USD/JPY pair shot straight up during the session on Wednesday as the Federal Reserve looks to expand and extend quantitative easing going forward. This is almost always indicative of a “risk on” type of trading environment,...
