Weaker asset classes has lead to run on USD which resulted in the Dollar Index appreciating to 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of...
U.S Non-Farm Data release is set to dominate the trading between the Dollar and its major currency pairs this week. A number of other factors are also likely to impact the forex market today, such as the...
The Aussie continues to loose ground in a context of risk aversion with a confirmed break below parity.
The pair has confirmed a strong bullish resumption with an acceleration towards 1,05 on friday.
The pair managed to establish above critical 0,90 level which confirms a bullish outlook.
The pair continues to consolidate on top of the key 76,00 level but we are starting to see the bounce building up.
The Cable has been consolidating all week, pulling back towards the 1,57 level.
The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.
The USD/JPY might be designing a bottom at current levels. In addition, seasonal patterns could support the currency during this period of the year. A move above 78.30 could target 78.70/79.40. Written by www.ProfitsOn.com The data contained...
The USD/CAD pair rose drastically on Friday as the oil markets sold off. The trend most certainly looks like it has changed in this pair, and with the Light Sweet Crude oil markets falling through the $80...
