The Japanese yen is deemed to weaken against the Australian dollar today as sources have revealed that the Japanese government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing, as...
Market Commentary The US Dollar appreciated across the board wherein the Sterling continued to depreciate to currently trade at 1.5130 ranges followed by the Euro and next the Japanese Yen which is trading near its year lows...
USDCAD broke above 1.0100 resistance and reaches as high as 1.0256, suggesting that the uptrend from 0.9815 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.0400 area. Support...
USDCHF is facing the resistance of the downward trend line on daily chart, a clear break above the trend line resistance will suggest that the downtrend from 0.9971 had completed at 0.9021 already, then further rise to...
USDJPY stays above a upward trend line on daily chart, and remains in uptrend from 77.14, the fall from 94.43 is likely consolidation of the uptrend. Support is at the trend line, as long as the trend...
AUDUSD’s fall from 1.0597 extends to as low as 1.0220. Key resistance is at 1.0400, as long as this level holds, another fall is possible next week, and next target would be at 1.0000.
GBPUSD’s downward movement from 1.6339 extends to as low as 1.5131. Further decline is still possible next week, and next target would be at 1.5000 area. Key resistance is at the downward trend line on daily chart,...
EURUSD breaks below the upward trend line on daily chart, suggesting that lengthier consolidation of the uptrend from 1.2042 is underway. Further decline is still possible next week, and the target would be at 1.3000-1.3050 area.
The USD/JPY pair rose during the session on Friday, but remains fairly tight going forward as we have gone sideways over the last two weeks. The market is been extraordinarily bullish over the last several months, and...
The USD/CAD pair shot straight up during the Friday session, but found the 1.0260 level far too resistive. This formed the second shooting star in a row in this pair, and as a result we think that...
