The Dollar Index lost more than 50 points despite lackluster trading witnessed in most of the asset classes. The Greenback lost most against the Common currency and the Swiss Franc followed by the Cable. Currently the short...
The Japanese yen is foreseen to dip opposite the US dollar today as prospects for the Japanese economy continue to weaken while the US released a buoyant jobs report.
Tracking the EUR/USD pair Date: 10.10.2012 Time: 18:14 Rate: 1.2889 Daily chart Last Review As it was mentioned on yesterdays review, the price has stopped on the 1.3070 price level and created a lower peak after passing the...
Yesterday, traders looked to invest in riskier assets, strengthening the euro and devaluing the dollar. A lack of significant overall news had investors looking to today’s news for clues as to the level of risk appetite in...
The USD/JPY pair fell during the session on Wednesday, but bounced off of the 78 handle yet again. This area is the center of the larger consolidation area between 77.50 and 79.
The USD/CAD pair shot straight up after initially dipping during the trading day on Wednesday. We paused just above the 0.98 handle, but still see quite a bit of resistance all the way to the 0.9950 level....
The GBP/USD pair fell during the session on Wednesday as it retested the 1.60 level. The encouraging thing is that the level has held, although the candle itself isn’t necessarily a hammer.
The EUR/USD fell on Wednesday in order to fall and test a trend line. We also are right at the 1.2850 level, and this is an area that we have pointed out as a possible selling signal....
AUD/USD had a very back and forth session in order to essentially finish unchanged. We are trading at the bottom of the recent consolidation area, and as such the market does look like it’s trying to set...
In the previous European trading exchanges, the Euro was supported by the release of the French and Italian Industrial Production reports, which showed both improvements in August.
