The EUR/USD pair is still rising within a down-sloping channel. It looks like it may be beginning to roll-over and it is possible it will fall eventually to support from the trend-line at 1.2205. There is also...
Unemployment in the US is pulling down the largest economy in the world. In June, the jobless rate was untouched at 8.2 percent, with 80,000 jobs added, figures from the Labor Department showed. Growth in private payrolls...
The EUR/USD pair initially fell during the session on Tuesday as the Federal Reserve Chairman did not explicitly say anything about quantitative easing. However, by the end of the trading day we have seen a nice bounce...
The USD/JPY pair had a bullish session on Tuesday as the Federal Reserve Chairman’s testimony in front of the United States Congress gave no hints of imminent quantitative easing.
The GBP/USD pair fell during the first part of the trading session on Tuesday, only to bounce back to form yet another hammer. This is the second one in a row, and after the massive bullish action...
The AUD/USD pair shot straight up on the Tuesday session as traders began to speculate that easing out of both China and the United States could add more of a boost to the global economy.
The USD/CAD pair fell during the session on Tuesday as oil prices rose yet again. The 1.01 level continues offer support, but only just barely. We believe that a break below the hammer lows from the early...
The US dollar saw significant gains during the afternoon session yesterday, following a speech from Fed Chairman Bernanke which resulted in investors shifting their funds back to the greenback. Turning to today, dollar traders can anticipate another...
The GBP/USD has been unfolding lower in an expanding triangle visible on the daily chart. The recent up-leg has encountered resistance from the upper boundary line at the current 1.5645 highs. From here there is a possibility...
The yen has been correcting back and it has now reached a 61.8% Fibonacci of the previous move. My preference is for more downside given the incomplete wave sequence down from the March highs. A break below...
