The USD/JPY pair fell apart during the trading session on Wednesday as Janet Yellen testified in front of Congress. Essentially, she suggested that although the market can expect interest rates hikes, the reality is that it will...
The US dollar plummeted against the Canadian dollar after the Bank of Canada raised interest rates for the first time in 7 years. This and the market slicing through the 1.28 level underneath, and it looks as...
The GBP/USD pair had a volatile session on Wednesday, as Janet Yellen testified in front of Congress. This of course has a lot of effect on the US dollar, which in turn has an effect on this...
The EUR/USD pair went sideways initially during the day on Wednesday, but rolled over to fall down towards the 1.14 level. That’s an area that it obviously could cause some support due to the fact that it...
The Australian dollar had a strong session on Wednesday as Janet Yellen testified in front of Congress that the interest rate hikes coming out of the United States might be a little bit more measured and slower...
EURGBP is trending higher on its short-term time frames but it could have room for retracement to nearby support zones. Price is moving inside an ascending channel with support at the .8800 major psychological level. Applying the...
Short term NIFTY Elliott Wave view suggests the pullback to 9449.06 low on 6/30 ended Intermediate wave (2). Up from there, rally is unfolding as an Elliott wave double three structure where Minute wave ((w)) ended at 9700.7 and Minute wave ((x)) ended at...
The USD/JPY pair has been bullish during the session on Tuesday, testing the 114.50 level. I still believe that the larger resistance is at the 115 handle, so if we can break above there, then I think...
The US dollar rose slightly against the Canadian dollar on Tuesday, as we await the Bank of Canada interest rate decision coming out today. It is anticipated that the BOC will raise rates, and if they don’t,...
The GBP/USD pair initially tried to rally during the session on Tuesday, but found quite a bit of selling pressure near the 1.2925 handle. This was based upon MPC Member Broadbent suggesting that perhaps monetary policy wasn’t...
