The GBP/USD pair rose during the session after initially falling on Thursday in order to break above the highs from the previous session. This is a bullish turn of events, and it does look like we are...
The EUR/USD pair fell during most of the session on Thursday, but managed to bounce in order to form a bit of a hammer. We are currently sitting just below the 50% Fibonacci retracement from the fall...
The AUD/USD pair rose rapidly during the session on Thursday as the ECB looks set to buy “unlimited” bonds out of their region. This of course should equate to further easing, and as such the gold market...
The Dollar Index is currently trading flat at the critical support of 81.00 after the Greenback depreciated yesterday across the board especially against the Aussie. The short-term trend is still range bound between 81.00 and 82.10 with...
ECB President Draghi revealed his bond-buying plan, named ‘Monetary Outright Transactions’, similar to the plans leaked to the press Wednesday. While the market did rally Wednesday on the rumour, the EURUSD (FXE) has sold off from the...
The Euro is presumed to continue receiving a boost alongside the US dollar today after the European Central Bank delivered on its pledge to step in the bond markets in efforts to preserve the Euro.
Despite the unveiling of the ECB’s plans to lower borrowing costs in the euro-zone yesterday, the euro fell against most of its main currency rivals during afternoon trading, after it was announced that growth-forecasts in the region...
Gold rose above a small H&S pattern on the hourly chart yesterday and there was a short-covering rally to 1712. There is no strong resistance until you get to 1722 where the monthly and weekly pivots lie....
Eurodollar has reached a strong level of resistance at the 1.2625 mark where price has been repulsed several times before. A shooting star candlestick has already formed on the hourly chart and if a move lower evolves...
Expectations of the European Central Bank’s bond-buying plan were boosted by leaked versions of central bank President Mario Draghi’s plan that bond purchasing would be “unlimited.” As markets look forward to today’s ECB meeting, the single currency...
