AUD/USD continued to rise in value on Wednesday as traders pile into the commodity currencies as a whole. The Aussie is also enjoying the benefits of being highly correlated to gold as well, and as that market...
USD/CHF fell for the Wednesday session as the Dollar got hit again. However, the 0.91 level came into play, and held up as support again. The area actually extends down to the 0.90 figure, and as a...
The US Dollar continues its loosing streak on the event of stronger asset classes especially the benchmark equity index of the Dow Jones Industrials (.DJIA); now that the Dollar Index is trading near short-term support of 78.20,...
The unemployment in the EU reached the record level of 10.4%.
The euro staged a small but significant upward correction during European trading yesterday, following an agreement among euro-zone leaders to set up a permanent bailout fund.
USD/CAD fell for most of the session on Tuesday, but bounced later in the session to close above the all-important parity level. The pair will continue to be held hostage by the oil markets, and as a...
AUD/USD climbed again on Tuesday, but gave much of the gains back. As a matter of fact, the pair ended the day by forming a shooting star. However, there is a fairly significant hammer on Monday supporting...
USD/CHF fell for the first half of the session on Tuesday only to bounce later in the day to form a hammer just above the 0.91 – 0.90 support area. The pair is certainly benefitting from the...
GBP/USD had a strong day on Tuesday as it continued its bullish run of late. The market is certainly dumping the Dollar in this pair, and the push to the 1.58 level was a good sign of...
USD/JPY fell again on Tuesday as traders continue to test the patience of the Bank of Japan. The finance minister did have a few words about the rate of the Yen last night, but as of yet...
