Heightened worries over another bout of political uncertainty in Italy are believed to continue debilitating the Euro alongside the US dollar today. In a national election tipped to push Italy further down its path of economic reform,...
The USD/JPY pair fell off a cliff during the session on Monday, as the gap that had initially happened at the opening completely came undone. Looking at the 94 handle as resistance is become apparent that is...
The USD/CAD pair rose during the session as the “risk off” trade continued on Monday. Italian elections spooked traders around the world as the anti-austerity candidates did extraordinarily well.
The GBP/USD pair initially gapped lower during the session on Monday, but as you can see we did gain quite a bit in order to try and fill that. Within quite good, but can close enough and...
The EUR/USD initially looked very bullish for the session on Monday, as it sliced above the 1.3250 resistance area. However, as the Italian election results started to come in, anti-austerity politicians did much better than anticipated.
The AUD USD pair initially rally during the Monday session, but fell in order to test the 1.0250 area. This market has been consolidating between 1.02 and 1.0370 lately, and as a result this is simply a...
Market Commentary The US Dollar appreciated across the board resulting in deep sell of in the benchmark equity index of the Dow Industrials (DJIA). The Dollar Index (DX) is consistently trading above the critical resistance of 81.20...
USD: Neutral There are a few major U.S. economic releases due this week, such as the CB consumer confidence data and the ISM manufacturing PMI, and these could either confirm or reverse the pro-dollar bias that the...
EUR/USD consolidated around the 1.3150 and 1.3200 major and minor psychological support levels at the end of last week and continues to move sideways in that area today. The downtrend on the 1-hour time frame is still...
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 The Canadian dollar is presumed to succumb further to the US dollar today on views that the Canadian economy stalled at the end of 2012, putting pressure on...
