The British pound has exploded higher during trading on Thursday, as we got through the interest rate hike without a scratch. It looks as if breaking above the 1.40 level should send this market higher, a level...
The EUR/USD pair has been explosive as the Americans got back to work on Thursday, showing signs of trying to break out above the 1.23 handle, which would be a major victory for the bullish traders. We...
The Australian dollar has fallen a bit during the day on Thursday but seems to be finding a lot of support at the 0.78 handle. This is the 50% Fibonacci retracement from the massive move higher, and...
EURGBP continues to trade lower as it bounced off the descending channel resistance on its 4-hour time frame. Price could keep dropping until the channel support around .8650, which might provide a countertrend opportunity. Stochastic is already...
DXY Short Term Elliott Wave view suggests that the decline to 88.44 ended Intermediate wave (3). Up from there, correction in Intermediate wave (4) is in progress as a triple three Elliott Wave structure. Rally to 89.64 ended Minor...
The US dollar has been very noisy against the Japanese yen during the trading session on Tuesday, so it’s likely that the market should continue to be so. I believe that the risk appetite out there is...
The US dollar has rallied against the Canadian dollar during the trading session on Tuesday, as the market continues to price and the fact that the shale producers in the United States are starting to crank out...
The British pound tried to break above the 1.40 level during the early hours of Tuesday but found enough resistance at that area to send the market looking to lower levels. We are trying to find a...
The EUR/USD pair broke down a bit during the trading session on Tuesday, reaching down towards the 1.2325 level, and more importantly, the 1.23 level. This is an area that has been short-term support, and could cause...
The Australian dollar has rolled over during the trading session on Tuesday, showing signs of weakness yet again. Pay attention to the gold markets, because they of course will have influence on what’s going on here, and...
