The GBP/USD pair formed a shooting star the end of the session on Monday as we approach the 1.63 handle. This was the target from the ascending triangle breakout that we saw a month ago, and it...
The EUR/USD pair had a very volatile session on Monday, but a fairly tight range. It looks like the 1.31 level is going to be somewhat resistant, but let’s be honest here: this pair is way overextended.
The AUD/USD pair fell during the session on Monday, even getting below the 1.05 level. We are currently at the top of the market range, and it should be noted that the shooting star that formed on...
Commtiment of Traders (COT) Report. The aggregate net short positions in the USD soared to 94,712 contracts, up from a nominal short of only 453 contracts in the previous week. Again, the big increase of USD shorts...
In yesterday’s European trading session, the Euro lost versus the Great British pound as exports slowed down in July, increasing chances for a cut in interest rates by the European Central Bank before this year closes.
The Dollar Index is currently trading at critical support of 78.70-78.20; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems to be over...
The euro was largely able to retain last week’s gains throughout the day yesterday, as a slow news day resulted in relatively little movement in the marketplace. The USD/JPY saw minor upward movement yesterday, as investors grew...
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Eurodollar has corrected back from Friday’s highs, but there is a possibility that the pull-back is now complete and the up-trend will resume. I would expect an immediate move to reach 1.3275 and then stop due to...
The GBP/USD pair has pulled back since making new highs on Friday; momentum is very overbought and the breakout from the triangle has fulfilled its price objective signalling that porbably a temporary top is now in place....
