EUR/USD The pair continues to range (so far) within in a 120 pip range over the last couple of days. A breakout will eventually occur, with the bias being higher overall. Resistance is at 1.4260 with a...
EUR/USD Uptrend Remains: After chopping trading yesterday the pair is still holding above some important support levels which indicates the pair is likely to continue higher. Support is at 1.4160, 1.4140 and beyond that 1.4100. A break...
The U.S Dollar rose against most other major currencies Tuesday, as comments by Ben Bernanke eased concerns that policy-makers won’t act decisively to head off inflation spawned by efforts to counter the credit crisis. The Federal Reserve...
EUR/USD The pair managed to break above 1.4200 yesterday. This sets up for a likely test of the May high at 1.4340 (not necessarily today). 1.4240-1.4250 is a resistance area as well as 1.4270. Support is at...
Yesterday’s rally on Wall Street, which led to a devaluation of the major safe-haven currencies such as the USD, was led by a decision from CIT, a large financial firm, in favor of a $3 billion bankruptcy...
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level. A break of that resistance level would target May highs at...
The U.S. dollar has ceded further ground on Monday as concerns about the U.S. economy abated and broadly improved corporate earnings lifted risk appetite and regional stock markets. The weak U.S. dollar had traders pushing up commodity...
The forex market is set to go very volatile on the release of Building Permits data from the U.S. In turn, this is likely to be crucial in determining the Dollar’s strength, as this week’s trading comes...
EUR/USD The pair did push above some resistance within the longer term range yesterday which indicates a push towards 1.4200 is likely. Support is at 1.4040 and 1.400. A bounce is likely off these levels, but there...
Crude Oil prices remain steady at above $61 a barrel on Thursday, after gaining 3.4% in the previous session. Oil’s gains on Wednesday came after the Energy Information Administration (EIA) showed a bigger-than-forecast drop in Crude supplies...
