The EUR/USD pair shot straight up during the session on Tuesday as the 1.30 handle has given way completely. In fact, we managed to go through the 1.31 handle, and it looks like we are going to...
The GBP/USD pair rose during the session on Wednesday, as the bounce from the 1.60 level continued. We close towards the top of the range right around the 1.6150 handle, and as such we think that we...
The USD/CAD pair initially surged during the session on Wednesday, but was repelled at the 0.99 handle. In fact, the sellers came in so strongly that we formed a massive shooting star. This suggests to us that...
The USD/JPY pair rose again during the session on Wednesday as the market approaches the 79 handle. It is at this level that we certainly run into serious resistance, so quite frankly we are looking for sell...
Today, traders should pay close attention to the release of the U.S. Unemployment Claims report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market...
The US Dollar continues declining against most of the FX majors; the Greenback lost most against the Aussie by more than 70 pips, but consolidated against the Common currency, the Swiss Franc and the Cable.
The Japanese yen is foreseen to weaken opposite the US dollar today after sources reveal that the Bank of Japan will likely cut its growth forecasts and could debate expanding its asset-buying program later this month.
Date: 16.10.2012 Time: 19:50 Rate: 1. 3047 Daily chart Last Review During the last trading week the price has checked again the 1.2824 price level and jumped back up after touching it. It is possible to see...
Date: 16.10.2012 Time: 21:08 Rate: 1.6114 4 Hour chart Last Review It is possible to see that the price has corrected the short move upwards (black broken line) by 61.8% and the long move upward (blue broken...
Date: 16.10.2012 Time: 22:13 Rate: 1.0276 4 Hour chart Last Review The price has raised and corrected the last downtrend which started on the 1.0474 price level (red broken line) by a third to the 1.0275 price...
