The GBP/USD pair fell heavily on Friday as the market retested the 1.58 level for support. Looking at this chart, it is a bit concerning that the pair closed at the absolute lows for the session.
AUD/USD fell during the session on Friday in order to break through an uptrend line. The pair looks extremely vulnerable at this point in time, and in fact of the weekly chart even showed a shooting star....
The USD/CAD pair fell during the session on Friday, but the overall action looks supportive all of the sudden. The 0.99 level looks very supportive at this point, and the weekly chart looks as if it is...
The US Dollar after correcting from 84.20 ranges since couple of weeks is currently trading flat after finding support at the interim support of 81.20 ranges. Further weakening of the Greenback is expected only on daily close...
Toward the end of Summer, the Federal Reserve District of Kansas City hosts a central bankers meeting at beautiful Jackson Hole Wyoming. It was at this venue that Fed Chairman Bernanke announced in 2010 that he was...
The eurodollar pair has touched the top of its channel and pulled-back. It has formed an H&S reversal pattern at the highs on the 1-hour chart and it is in the process of breaking down through the...
The EUR/GBP pair is still rising in a counter-trend rally although it has hit stiff resistance from the 50-day MA. A break above 0.7926 would provide strong confirmation of a continuation higher and target the 0.7962 highs....
Release of the recent Fed Minutes, which showed active consideration of QE3 – a perceived stimulus for the globally lethargic economies – is reflected in such consideration spreading beyond US shores.
The Euro gained versus the US dollar in the previous European trading exchanges on developments in the Euro Zone and weaker job figures in the US, increasing speculations of another QE by the Federal Reserve. In today’s...
After hitting a fresh seven-week high against the US dollar earlier in the week, the euro was unable to extend its gains during trading yesterday despite the release of positive French and German manufacturing data.
