GBP/USD Open 1.6775 High 1.6843 Low 1.6475 Close 1.6757 On Monday Pound/Dollar also climbed from 1.6617 to the 1.6843 top, closing the day at 1.6757. Today, however, the Cable deeply corrected, swallowing all yesterday’s rise. If Sterling...
USD The G20 met on Monday and pledged to keep emergency stimulus spending in place until a global recovery is assured. This moved investors out of the US Dollar and into the higher yielding currencies as...
The Dollar is expected to be the driver of the forex market today. This is following yesterday’s bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and...
EUR/USD Open 1.5002 High 1.5015 Low 1.4850 Close 1.4996 On Monday Euro/Dollar failed to continue the downward movement, climbed from 1.4850 to the 1.5015 top, closing the day at 1.4996. The economic recovery seems to point the...
USD The US unemployment situation worsened to levels unseen since 1983 prompting many traders and investors to seek safe-haven shelter in the Dollar. The number of unemployed Americans rose to 10.2%, a .3% increase from expectations...
While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on...
USD/JPY Open 90.79 High 90.84 Low 90.08 Close 90.72 Dollar/Yen made an upward movement on Thursday, rising from the 90.08 bottom to the peak at 90.84, closing the day at 90.72. On the 1 hour chart a...
GBP/USD Open 1.6567 High 1.6638 Low 1.6475 Close 1.6581 Pound/Dollar also climbed on Thursday, from the 1.6475 bottom to the 1.6638 peak, closing the day at 1.6581. On the 3 hour chart the formed triangle was technically...
AUD The Australian Dollar rose modestly on Thursday after Reserve Bank of Australia (RBA) Governor Glenn Stevens, the head of Australia’s central bank, said the country was on headed towards recovery and that spare capacity in...
Today, traders should pay close attention to the release of the U.S. Non-Farm Employment Change report. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market...
