Last session has been very active on the Japenese Yen as a whole with of course an impact on the USD/JPY.
The Cable has been rolling over ahead of the 1,65 level lately. The market is building a double top formation on the 4-hour chart.
The pair has confirmed a new fail on its daily descending trendline yesterday. The overall structure is now quite bearish with a risk of additional decline towards key level at 1,40 (daily bollinger band).
Market Review – 01/08/2011 21:51 GMT Swiss franc sets new highs on fears of global growth slowdownThe Swiss franc rallied against the greenback and euro to fresh record highs on Monday on risk aversion as weak U.S....
Market review for 25 – 29.07, 2011
ForexPros Daily Analysis August 01, 2011 NZD-USD Still Bullish, If Overextended Seemingly defying gravity, the New Zealand Dollar just keeps climbing higher. Its rally has been broad based and over the last few months, the Kiwi has...
Risk appetite and market volatility are likely to be slightly elevated today as investors gear up for the rollercoaster that lies ahead considering today is the last day before the deadline for lifting the US debt ceiling.
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...
The USD/CAD spike during the Friday session, and ran all the way up to the 0.96 area, a place that we suggested could turn out to be resistance.
The AUD/USD pair fell on Friday, but bounced to form a hammer just at the 1.10 line. This suggests that the pair has found support at about the 1.09, just as we stated it might yesterday. Because...