The AUD/USD pair shot straight up during the Wednesday session as the Federal Reserve announced the expansion of its monetary policy. However, by the end of the day we saw the 1.04 level reject price again, and...
Market Commentary The US Dollar continued to depreciate to hit critical support of 79.45 ranges on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong, DJIA....
The Federal Reserve is expected to announce today an expansion of its asset purchases program that is likely to weaken the valuation of the US dollar versus the Canadian currency. Hopes also continue to rise as talks...
The euro saw gains against virtually all of its main currency rivals yesterday, following the release of a significantly better than expected German ZEW Economic Sentiment figure. Additionally, a positive Spanish bond auction led to an increase...
The USD/JPY pair had a slightly bullish session for Tuesday, as we continue to bounce around in the 82.50 region. I currently see the 83 handle as the next resistance area that has to be overcome, and...
The USD/CAD pair attempted to rally during the Tuesday session, but as it did on Monday, the market lurched higher, and then fell. This is the second shooting star in a row that we have formed, and...
The GBP/USD pair had a strong showing on Tuesday as we crashed into the 1.61 handle. The market looks ready to take on the 1.61 region of resistance that extends all the way to the 1.62 level...
The EUR/USD pair rose sharply during the session on Tuesday, and as a result we find the market closing the day above the 1.30 handle. We also are closing the very top of the candle for the...
AUD/USD initially fell during the session on Tuesday, but found a ton of support at the 1.0475 level again in order to pop back and over the 1.05 level. It is at the 1.05 level that we...
The euro came within reach of a two-week low vs. the US dollar yesterday, amid news that the Italian Prime Minister plans on resigning. Investors, unsure of how the news would affect the euro-zone economic recovery, shifted...
