Market Commentary The US Dollar is trading mixed since past couple of weeks wherein it has depreciated against the Euro and traded flat against the Swiss France and the Aussie but continued appreciating against the Japanese Yen...
The USD/JPY pair bounced slightly during the session on Tuesday, but gave back much of the gains towards the end of the session in order to form a little bit of a shooting star. However, we see...
The USD/CAD pair fell drastically during the session on Tuesday as we crashed back down towards the parity level again. The real question is whether or not support can come into the market at this point in...
The GBP/USD pair rose during the Tuesday session, essentially reversing the losses from Monday. This market looks like it could be trying to react to a supporting area, and as a result we think that a move...
The EUR/USD pair fell initially during the Tuesday session, but found enough support at the 1.340 level to bounce and form a fairly positive candle for the day. Just above lies the 1.35 resistance area, an area...
The AUD/USD pair broke the top of the hammer that we formed on Monday during Tuesday’s action, and as a result a bullish buy signal has been sent out. We believe this market will continue to grind...
CFTC Commitments of Traders (COT) Report, published 22 January 2013 – Technical Analysis. The latest COT report shows that the aggregate spec short position in the USD was reduced to 175K, down from 200k in the previous...
The British pound is foreseen to extend its losses alongside the Euro today on expectations that the Bank of England is preparing to take more aggressive action to boost the UK economy, which is teetering close to...
Increased confidence in the euro-zone economic recovery, largely due to a strengthened banking sector, helped keep the euro within reach of its recent 11-month high against the US dollar yesterday.
The Euro is deemed to maintain its strength alongside the Japanese yen today on additional positive signs that Germany is gathering speed again after contracting in the fourth quarter, boosting prospects for the 17-nation bloc.
