The USD/JPY pair fell during the session on Monday, as traders took profits. The market has been a short nearly stronger the last couple of sessions, and as such a rest or even a pullback really wouldn’t...
The USD/CAD currency pair initially rose during the session on Monday, but failed to keep its gains and formed a shooting star as a result. This shooting star is just above the 0.99 level, an area that...
The GBP/USD pair fell during the session on Monday, but got a nice bounce off of the 1.60 area in order to form a hammer. This market looks like it’s beginning to get ready to rise again,...
The EUR/USD pair fell initially during the Monday session but bounced in order to form a hammer. This hammer is at the top of a significant move higher, so it can be considered a sign of continuation.
The AUD/ USD pair fell on Monday initially, but bounced in order to form a nice-looking hammer. This hammer suggests that we are going to break through the 1.05 level, and continue higher.
More expansionary wording of the bank’s price outlook released at its Oct. 30 meeting was voted by two new members of the Bank of Japan’s nine-member Policy Board.
The Dollar Index is currently trading at 80.00 ranges, after finding resistance at 81.00 ranges from where is sold off during September. Daily close below 79.80 would result in further depreciation of the US Dollar across the...
Equities have continued their rally with no negative news to derail last week’s earlier trade. Fears of the ‘fiscal cliff’ were off the front page as President Obama tours South East Asia on what might be called...
Speculations that a deal will soon be reached to provide Greece with a new round of bailout funds, combined with a better than expected German business climate figure, turned the euro bullish against most of its main...
The Dollar Index falls again from 81.20 ranges from where it has sold off during September. Currently it is trading at 80.30 with 79.90-80.00 acting as important support. Daily close below 79.80 would result in further depreciation...
