The USD/CHF pair continues to rise in value as the Swiss have made is absolutely certain that they are willing to print as many Francs as it takes to reverse the strength of the currency. The world...
The USD/JPY pair fell a bit on Thursday, but managed to bounce off of the 77 level for the second day in a row.
Greetings. Let’s take a look at the EUR/USD daily chart. It looks like we’re in an elongated contracting triangle so look for the pair to potentially continue down to test the 1.3600 level and below. We may...
Market Review – 08/09/2011 21:55 GMT Euro tumbles on Trichet and Bernanke’s comments The single currency continued its recent steep descent and tumbled on Thursday against all major currencies as ECB President Jean-Claude Trichet, whose 8-year term...
The US Dollar stepped back against the background of an increase in the stock
The sharp decline from August resulting in a quick break below parity has yet to be confirmed. For the time being, the pair continues to be well bid.
The pair has confirmed a possible long term reversal with a bounce on top of the key 0,97 level but it is still facing the strong parity resistance.
The break back above 0,8250 has validated a bullish reversal (cup&handle) which confirm a bullish outlook.
The pair continues to trade flat above its historical low (76,00) and we now wait for the market to start a meaningful move.
The pair is also under an intense downside pressure after a break below another key level at 1,60.