Category: Daily Forex Reports

The AUD/NZD continues to hover above the 1.35 area, and as long as it does – this remains bullish as far as bias goes. A break below the 1.35 area is very poor for the outlook of...

The Kiwi dollar has formed a doji today, signaling a possible pause in this pair. While it hovers around this area, it should be noted that the 0.75 handle is retaining its form. Because of this, the...

The GBP/CHF has bumped off of the 1.48 resistance zone, and continued the move downward today. A minor support area is needed to be overcome at the 1.46 area, and after that we could see a retest...

The EUR/GBP currently continues the recent show of strength with yet another bullish day. However, it should be noted that the 0.88 handle has been very influential in the past, and is very likely to be so...

The EUR/USD has bounced from the 1.40 level as we predicted a few days back. This area certainly appears supportive, and should continue to be. The resistive 1.4250 area is still in play, and as such –...

EU leaders missed the opportunity to deliver markets a positive surprise at the end of the March 24-25 summit. In short, the EU council agreed on the structure of the ESM that will be active in 2013,...

The dollar moved lower versus the major currencies yesterday as traders continued to use the dollar as a funding currency in carry trades. Positive US consumer and housing data encouraged the resumption of this long term trend....

Range trading was the primary theme for the broad markets on Monday. The USD traded slightly weaker against the EUR and was rather consolidated against most of the other major currencies. The day’s trading sentiment continued to...