The EUR/USD pair fell during the Wednesday session, but got a bounce later in the day at the 1.2850 level in order to form a hammer. In fact, this pair suddenly looks bullish as we anticipate the...
The AUD/USD pair fell during most of the session on Wednesday, but bounced in order to form a hammer at the end of the day. This does suggest that perhaps the 1.03 level will act as support...
In the previous European trading exchanges, the Euro gained versus the British pound by 55 pips as European Central Bank President Mario Draghi stood in defense of the central bank’s new bond-purchasing plan, after reports surfaced that...
The euro remained bearish throughout the day yesterday, as ongoing concerns regarding the debt situations in Greece and Spain weighed down on investor confidence in the euro-zone economic recovery.
When the Fed announced last week they were going to resume the expansion of their balance sheet with another edition of QE, traders immediate reaction was to sell the USD and buy commodities. Positions were assumed accordingly,...
Amidst most of the asset classes especially the equities correcting the Dollar Index appreciated to currently trade at 79.84. Further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
The USD/JPY pair fell during the session on Tuesday as the 78 handle has been solidly broken. However, it does look like a little bit of support came late in the day. This particular pair is a...
The USD/CAD pair rose during the session after initially falling on Tuesday in order to press upon the 0.98 handle. However, towards the end of the day we saw a little bit of a pullback as it...
The GBP/USD pair fell during the session after initially surging on Tuesday, in order to test the 1.62 level yet again. This market has been very bullish, but we want to see a pullback in order to...
The EUR/USD pair fell during the session on Tuesday in order to test the 1.29 handle for support the second time in two days. This market still looks like it’s a bit overbought, and a pullback to...
