On the event of sideways trading (with weaker bias) witnessed in most of the asset classes, the Dollar Index appreciated from 77.30 ranges with stronger bias, though it is expected to find stiff resistance in the ranges...
Germany’s approval Thursday to increase the size and flexibility of the euro zone’s bailout fund and better than expected U.S. economic data pushed the ERU/USD pair above 1.36 Thursday, though it has pared some of the gains...
The EUR/USD pair rose on Wednesday, but fell later in the day as traders sold off risk. The Euro still have massive uncertainty surrounding its prospects, so buying it doesn’t appeal to many.
GBP/USD had a slightly bearish day on Wednesday, but it should be noted a lot of those losses came late in the session again. This shows that rallies cannot be trusted, and they are simply providing selling...
USD/CAD rose drastically on Wednesday as traders sold off the oil markets. The 1.03 area was the most recent high in this pair, and proved to be resistive. Because of this, we want to buy – but...
The USD/CHF pair rose on Wednesday, as the Dollar was bought in general during the session. The market is in a “safety trade” mode, and the CHF is no longer considered a decent proxy for safety as...
USD/JPY continued to bounce around in the 100-pip range we have been watching on Wednesday. The pair is being watched by the Bank of Japan, and it should be obvious and well-known by now that they are...
Concerns over the situation in Europe are growing.
Today, traders should pay close attention to the release of the U.S. Pending Home Sales report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the...
The Dollar Index is finding stiff resistance in the ranges of 78.85-79.00 ranges due to bargain buying in most of the asset classes especially the equities though the major trend is still bearish. As long as 79.50...
