In the day’s exchanges of the NZD/USD, the New Zealand dollar is hoped to break out of its consolidation channel and make gains opposite the US dollar. The Kiwi currency looks to take advantage of economic releases...
Trends in the currency futures continue uninterrupted. For the past several weeks there has been spec-buying in the so called ‘commodity currencies’ versus sales of the USD.
The EUR/USD pair had a back-and-forth session during the Monday trading day, to in the session and basically unchanged. The candle is very neutral, and sitting on an uptrend line from the rising wedge that we’ve been...
The USD/JPY pair fell during the Monday session after initially trying to push higher. This shouldn’t be much of a surprise, as it has surged so high in such a short amount of time. This could be...
GBP/USD rose during the Monday session, but was repelled again just above the 1.57 level. This area has acted as massive resistance over the last few weeks, and we think that it is without a doubt the...
AUD/USD rose during the session on Monday, albeit in a fairly weak fashion. The market is approaching the uptrend line from the ascending channel, and as such we think the support will start to step back into...
The USD/CAD pair did very little during the Monday session as we formed a decidedly neutral candle. The market is being supported just under the 0.99 level, and it looks like we are going to tread water...
The US dollar was able to mostly maintain its recent gains during a slow trading day yesterday. Investor confidence in the US economic recovery remained high following a series of positive American economic indicators released last week.
In the previous European trading session, the Euro declined versus the British pound as recent enthusiasm for the former waned, following comments from German Chancellor Angela Merkel supporting the statements of European Central Bank President Mario Draghi.
The US dollar hit a five week high against the Japanese yen on Friday, amid an increase in optimism in the US economic recovery highlighted by a better than expected US consumer confidence figure.
