AUDUSD moved sideways in a range between 0.9803 and 1.0255 for several weeks. Further rise to test 1.0255 key resistance would likely be seen next week, a break above this level will indicate that the uptrend from...
GBPUSD is facing 1.6298 resistance, a break above this level will indicate that a cycle bottom had been formed at 1.5962 level on daily chart, then further rise to 1.6700 area could be seen. However, as long...
EURUSD may be forming a cycle bottom at 1.3428 level on daily chart. Further rise towards 1.3861 would likely be seen, a break above this level will indicate that the uptrend from 1.2874 has resumed, then next...
Middle East problems support the demand for save-haven assets. Asian and European trading session:
Greetings. Let’s take a look at the USD/CHF. We’re coming right down to test a strong trend line and time will only tell if the trend line will act as support.
Dollar lost ground against most of the major pairs yesterday after weaker than expected US economic numbers. Jobless Claims (Initial Claims) recorded higher at 410,000 for the week ending February 12, 2011 against previous release of 383,000;...
The combination of Middle East tensions, renewed euro zone debt concerns and a poor US Unemployment Claims figure have led to substantial gains for the Swiss franc over the last 24 hours. It appears that the safe...
Negative rally of the euro and the pound.
The U.S. dollar slid against the euro following a rally in global equity markets yesterday. The rally prompted investors to turn to higher yielding assets and away from safe havens like the USD. With recent market optimism,...
Hello. Let’s take a look at the GBP/USD hourly chart. It seems we’re still in a small retracement from the move up from early 2011. Look for it to potentially retrace more and, once complete, look for...
