After an optimistic labor market report last Friday, which showed that American employers added more workers than forecast to payrolls in October, risk confidence in the financial markets wane anew, and the USD/CAD is seen likely to...
With Greece back in the spotlight as it struggles to secure a bailout tranche needed to ward off a potential bankruptcy, the Euro is deemed to lose ground alongside its British counterpart today.
The US dollar saw gains against virtually all of its main currency rivals on Friday, following a better than expected Non-Farm Payrolls report which boosted confidence in the American economic recovery.
Better than expected US jobs data resulted in appreciation of the greenback against most of the FX majors. The Dollar has appreciated across the basket, wherein the Cable fell by more than 90 pips, the Euro by...
The USD/JPY pair rose during the session broke through the 80.50 level showing strength for the US dollar. On the weekly chart, we closed above the 80 handle for the first time in several months, in this...
The USD/CAD pair fell for most of the session on Friday, but bounced significantly in order to close above the 0.9950 level. The candle looks quite a bit like a hammer, and it should be noted that...
The GBP/USD pair fell precipitously during the Friday session after forming a perfect shooting star on Thursday. This was a classic technical analysis set up that had you watched our videos yesterday, you would have seen. This...
The EUR/USD pair fell precipitously during the session on Friday as we broke down through the up trending line, as well as the 1.29 support level. At this point time, we see the 1.28 level as the...
The AUD/USD pair fell significantly during the session on Friday as the 1.04 level continues offer massive resistance. The market looks like it’s ready to head back towards the 1.02 level, and a break below the Friday...
The USD/JPY was able to extend its bullish run throughout the day yesterday, following a batch of positive US economic news which boosted faith in the American economic recovery.
