The USD/JPY pair fell hard on Thursday, and looked ready to test the 80 level. However, it found footing before we got there, and the day’s candle is forming a hammer-like candlestick. This shows that the pair...
The GBP/USD pair had a wild day on Thursday. The pair has been under 1.60 and over 1.61 during the last 24 hours, and the pair looks ready to move. However, we don’t like buying as the...
The EUR/USD pair rose again on Thursday, but gave up some of its gains towards the end of the day. It should be noted that there is a trend line that it ran into – and failed...
07/01/2011 07:52 UTC GBP swings higher as it strengthens against the USD, JPY, CHF, NZD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may be...
The AUD/USD pair rose again on Thursday, showing that the break of the descending triangle is confirmed. However, there is the resistance area around 1.0750 as the recent highs. The breaking of that area is massively bullish,...
Thursday June 30 The Swiss franc retreated against the dollar and all high-yielding currencies for the second day amid some optimism in markets after the approval of the Greek Parliament to the five-year austerity plan needed to...
Thursday June 30 The pound fell against the dollar, paring three days of advance, after the drop in consumer confidence to -25 in June compared with -21 in May, adding to speculations the sluggish second quarter growth...
The euro continued to trade in the shadows of the approved austerity package from the Greek parliament and the unwinding of pessimism remains the main pillar although the rally is losing momentum.
The EUR/USD was seen moving towards a three week high of 1.4570 yesterday after bullish economic reports pushed many investors away from the safe-haven greenback. Yesterday’s bullish PMI data from Chicago helped add to the trend of...
The Dollar Index (DXU11) depreciates for the straight fourth trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
