The AUD/USD pair rose during the session on Monday, but still reigns contained within the shooting star that defined last week on the weekly chart. As you can see, Wednesday formed a wicked looking shooting star as...
The Euro managed to gain versus the Great British pound in the previous European trading exchanges amidst the challenges that the European region is facing.
Higher-yielding assets turned bearish on Friday, as slowing economic growth throughout the euro-zone led to risk aversion among investors. Of particular concern is the possibility that France and Germany, the euro-zone’s two biggest economies, may soon slip...
The Dollar Index is trading at the short term resistance of 81.00-81.20 ranges a head of the FOMC meeting tomorrow. The Dollar Index may again expected to find resistance at 81.00-81.20 ranges from where is sold off...
The USD/JPY pair had a negative session for most of the trading day on Friday, but bounced from the 79 handle in order to form a hammer. This hammer suggests that we are going to continue to...
The USD/CAD currency pair broke out to the upside during the Friday session, but gave back much of the gains. Nonetheless, we are above the parity level and have made a new high at one point or...
GBP/USD try to breakout and above the 1.60 level on Friday, but was repelled and went much lower by the end of the session. In fact, we closed the very lows just below the 1.59 handle.
EUR/USD rallied initially on Friday, but failed to get above the 1.28 level which should now be resistance. Because of that break down, we believe that this pair goes much lower, perhaps as low as 1.24 before...
The AUD/USD pair tried to rally above the 1.04 handle during the Friday session, but was beat back and closed below it at the 1.0383 level.
The euro fell to a fresh two-month low against the US dollar yesterday, as investors shifted their funds to safe-haven assets amid signs of economic turmoil in the US and euro-zone.
