The Japanese yen is foreseen to continue weakening opposite the US dollar today as views of additional monetary easing by the Bank of Japan intensify after the central bank governor Masaaki Shirakawa stressed his resolve to maintain...
Weekly chart Last review EUR/USD forecast – It is possible to see that the 1.2900 price level is still used as a balance level while the price is checking it on the last three candles back and forth....
Weekly chart Last review GBP/USD forecast – The price fell under the descending trend line that is connecting the peaks (red broken line) and corrected the last uptrend (black broken line) by exactly 38.2%to the 1.5985 price...
Gains are forecast to be had by the Euro today against the British pound in spite of a technical resistance at the 0.8144 price mark. EU leaders took a step forward on the path toward a banking...
U.S. New Home Sales affected Friday afternoon trading as the greenback quickly made gains against its major currency rivals. Also, concerns about Spain’s requesting a bailout were largely responsible for losses that both the euro and gold...
Gain in US Dollar leads to sell off in most of the asset classes especially the equities; the benchmark equity index of Dow Industrials (.DJIA) has fallen more than 200 points to currently trade at 13340 ranges.
The USD/JPY pair did very little during the session on Friday, as the rest of the markets rocking back and forth in a “risk off” type of move. The fact is that we are getting close to...
The USD/CAD currency pair had a strong showing on Friday as we raced towards the 0.9950 level. We did not managed close above it, but we are certainly knocking on the door. It is at that level...
The GBP/USD pair fell on Friday again as the market continues to look very weak. In fact, since the Wednesday close we have seen this market dropped 150 pips with almost no halt. The 1.60 level continues...
The EUR/USD pair fell on Friday again, as we find the 1.3150 level far too tough for the buyers to take out. However, there is a trend line below that could provide support going forward.
