The US dollar initially tried to rally against the Canadian dollar but found enough resistance at the 1.2875 level to roll over. It now looks as if we are going to go towards the 1.28 level underneath,...
The British pound has rallied significantly during the trading session on Tuesday, as we have broken above a downtrend line that the market has been paying attention to for some time. I think that the 1.40 level...
The EUR/USD pair exploded to the upside during the trading session on Tuesday, as we have broken towards the 1.2380 level. Ultimately, the market looks likely to go looking towards the 1.24 handle, and then the most...
The Australian dollar has been very noisy during trading on Tuesday, as CPI numbers coming out of the United States suggested that inflation was on track. This of course helps gold, but more importantly it helps the...
GBPAUD is moving sideways recently, finding support at the 1.7600 major psychological level and resistance at 1.7900. Price is halfway through its bounce to the top of the range, hitting some short-term resistance at the current area...
The US dollar has chopped around against the Japanese yen during trading on Monday, hanging about the 106.50 level. The market continues to be very noisy, and I believe that will remain the case for the next...
The US dollar has been very noisy over the last several sessions, with a general downward attitude against the Canadian dollar. However, I think that the recent test of the 1.30 level shows that we could see...
With the handful of US centric economic announcements coming out over the next couple of days, it could be relatively quiet in the Forex world. However, it does appear that the British pound is starting to pick...
The EUR/USD pair initially rallied during the day on Monday but ran into trouble near the 1.2340 level. The market rolled over and reach back towards the 1.23 level, and I think that it is likely to...
The Australian dollar has been very choppy during trading on Monday, as we came back from the weekend. We are bit overextended after the huge move over the last couple of sessions, so a pullback or a...
