The AUD/USD pair rose during the session on Tuesday, but ran into the resistance area above at the 1.0475 level again. The real resistance is actually the 1.05 handle, and as such we think that there will...
Market CommentaryThe US Dollar depreciated across the board; the Common currency, the Cable continued to appreciated against the USD; the Aussie depreciated but the short term range bound trend remained intact with 1.0480 ranges still acting as...
Positive Chinese manufacturing data, along with signs that Greece was closer to receiving a new round of bailout funds, encouraged investors to shift their funds to higher-yielding assets yesterday which boosted the euro against several of its...
The USD/JPY pair fell during the session on Monday as the 82.50 level continues to offer significant resistance. However, we do know that this market is well supported somewhere around the 82 handle, and the Bank of...
The USD/CAD pair fell during most of the session on Monday, but managed to bounce back off of the support zone in the 0.99 region, and as a result we now have a hammer for the session.
The GBP/USD pair had a strong showing on Monday, as the 1.6050 level got broken to the upside. This shows that the hammer that we formed during the Wednesday session of last week was no fluke and...
The EUR/USD pair rose during the session on Monday as the “risk on” trade was in full effect for most of the trading day. This pair looks ready to aim for the 1.3150 level again, and as...
The AUD/USD pair went back and forth during the session on Monday as the markets try and figure out whether or not the US Congress can come together to find a solution to the “fiscal cliff.” Because...
Market CommentaryThe Dollar Index is trading tight near the short term support of 80.00 ranges; it is currently trading at 79.90 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
The New Zealand dollar is foreseen to weaken opposite the US dollar today as a deteriorating outlook for Australia, its largest trading partner, is likewise seen to dampen prospects for the domestic economy.
