Risk appetite and market volatility are likely to be slightly elevated today as investors gear up for the rollercoaster that lies ahead considering today is the last day before the deadline for lifting the US debt ceiling.
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...
The USD/CAD spike during the Friday session, and ran all the way up to the 0.96 area, a place that we suggested could turn out to be resistance.
The AUD/USD pair fell on Friday, but bounced to form a hammer just at the 1.10 line. This suggests that the pair has found support at about the 1.09, just as we stated it might yesterday. Because...
The USD/CHF pair finally broke through the 0.80 level on Friday, and now begins a new leg down. Because we are in uncharted territory, this pair is likely to have reactions at major round numbers, so expect...
The GBP/USD pair rose again on Friday as lawmakers in the US simply cannot come to an agreement involving the US debt ceiling and national deficit. The longer this continues, the more likely we are to see...
The USD/JPY fell apart on Friday as the US GDP numbers came out poorly, and the Congress is still failing to come to any kind of consensus as to what to do about the debt limit talks....
The EUR/USD pair fell, and then rose on Friday, as traders really don’t which side of the Atlantic is worse right now. Because of this, the pair will be choppy at best. However, if the markets get...
