The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
The GBP/USD pair initially rose during the session on Thursday, but found the 1.61 level far too resistive to overcome, and as a result we formed a fairly negative looking shooting star shaped candle. However, we had...
The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than...
The AUD/USD pair spiked and managed to get above the 1.05 level during the Thursday session, but fell back down below it. This just signifies how resistive the area it really is, and as a result we...
The euro fell against several of its main currency rivals yesterday, after EU growth forecasts were lowered and speculations came about that the ECB was considering a cut in euro-zone interest rates. The news also weighed down...
A downbeat assessment by the European Central Bank is presumed to continue weakening the Euro today opposite the US dollar. In its final monetary policy meeting this year, the ECB admitted that it considered an interest rate...
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
A disappointing euro-zone retail sales figure led to heavy euro losses during mid-day trading yesterday. The news also resulted in other higher-yielding assets, like gold and silver, turning bearish throughout the European session.
The USD/JPY pair rose during the session and close of the very highs of the range as we continue to see significant support right around the 81.50 level in this market. However, the 82.50 level continues offer...
The USD/CAD pair fell during the session on Wednesday, but we still see significant support in the form of the 0.99 handle. This area continues act as support, and as such it’s difficult to make a trade...
