Today’s data releases out of Europe and the United Kingdom regarding short-term interest rates will likely be predominant in today’s market valuations and traders would be wise to keep an eye on policy statements. The buck is...
The Cable finds support at 1.6450 ranges after three days of correction; against rest of the FX pairs, the Green back traded in narrow range. The U.S Dollar seems to be oversold in short-term; short covering may...
Market Review – 04/05/2011 20:16 GMT Euro falls from a 17-month high as metal prices tumble Euro retreated strongly from a fresh 17-month high in New York morning as the selloff in U.S. stocks, precious metals and...
AUD/USD finally had a sharp drop in value today, and the market should be welcoming to that reality. The truth is that this pair needs to fall even further as the parabolic nature of the recent action...
The GBP/USD fell apart today, plunging under the 1.65 area. Because of this, the pair looks like it might be bearish for the immediate future. Very heavy support is still seen at 1.63, and is likely to...
Wall Street eked out a tiny gain Tuesday, outflanking losses on the S&P 500 and Nasdaq Composite, as investors dumped energy and materials stocks and headed for the safety of bonds and telecommunications companies. The Dow Jones...
Greetings. Let’s take a look at the USD/JPY. Although the trend remains bearish, look for a potential 3 wave retracement up from the low from mid-March.
The euro appears to have fallen mildly against a number of its currency rivals yesterday after the European Union and International Monetary Fund (IMF) announced their expected plans for a bailout of Portugal. As a result, the...
The USD/CAD pair was little changed on Tuesday, where the U.S. dollar slightly rose against majors, while commodity prices eased, nevertheless, a crushing victory by the Conservative party in the elections helped the Canadian dollar to gain...
The EUR/USD pair had a slightly bullish day today again, but the charts are starting to look a little tired at this level. It cannot be ignored that the last two days have formed shooting stars, and...
