US markets were closed yesterday for the Labor Day but the US dollar continued to sustain losses against the Euro as the remarks of Federal Reserve Chairman Ben Bernanke as to a potential monetary easing this month...
The Dollar Index is currently trading near the critical support of 81.00 ranges to currently trade at 81.13 the short-term trend is still range bound between 81.00 and 82.10; only daily close below 81.00 would lead to...
The EUR/USD pair rose slightly during the Monday session as the volume simply wasn’t there. The Labor Day holiday in the United States Volumes to a minimum, and as such the day could almost be written off....
The USD/JPY pair had a fairly quiet session during the Labor Day holiday in the United States on Monday. The pair currently sits within the band of support that we have been paying attention to between 78...
The GBP/USD pair had another bullish session on Monday as traders continue to push the value of the British pound higher. This is a simple yield differential play at this point in time, as the Bank of...
The AUD/USD pair fell during the session on Monday, but did bounce in order to get back some of its losses. The candle for the day formed a pseudo-hammer, and is based around the 1.0250 level. There...
The USD/CAD pair fell slightly during a light volume holiday session on Monday. While the Europeans were trading for the session, the Americans were away for the Labor Day holiday.
The euro was able to largely maintain its recent gains yesterday, as a lack of significant news resulted in a low liquidity environment in the marketplace. That being said, the Australian dollar fell to new six-week lows...
The EUR/GBP pair has continued rising higher and re-touched the June highs. Whilst it has broken out of a channel it is still encompassed by the broader down-trend. The wave formation higher appears complete with the final...
Gold has broken through a major trend-line and rallied strongly. The next few days will be crucial in establishing the new trend higher. I see 1722 as an initial target, where there is resistance from a clustering...
