The USD/CAD currency pair initially rose during the session on Wednesday, but fell in order to retest the lows of the session from Monday. From what we see, we still have a significant support level at the...
The GBP/USD pair fell during most of the session on Wednesday, but bounced in order to form a hammer. The 1.60 level has acted as support again, and it does look like this market wants to go...
The EUR/USD pair fell most of the day on Wednesday as the “risk off” trade came back into play. Looking this chart, we actually have a decent sell signal at the beginning of the session, but you...
The AUD/USD pair rose during the session on Wednesday as we continue to try and break out above the 1.05 level. If we do manage to do that, the 1.06 level will be calling. However, we can...
CFTC Commitments of Traders Report, 20 November 2012. The current COT report show that the net combined position of currency speculators flipped to the long side of the USD. Flipping positions is not a common occurrence.
The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.30 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
The Euro is foreseen to gain opposite the US dollar today on views that efforts to resolve the lingering debt turmoil are gaining ground.
In the previous European trading session, the Euro won versus the Great British pound as hopes over a Greek debt deal turned to doubts, prompting investors to sell the former in favor of the latter.
The euro turned bearish against several of its main currency rivals yesterday, despite the announcement that an agreement between euro-zone finance ministers to provide Greece with a new round of bailout funds had been reached.
The USD/JPY pair gained again during the session on Tuesday, but gave up about half of what it accomplished. This pair still looks positive in our eyes, and we think that a further weakening of this pair...
