The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...
The EUR/USD pair tried to rally during the session on Monday, and while he did hold some of the gains, it should be noted that the 1.30 level has yet again offered resistance.
EUR/USD rose during the session on Friday, but bounced off of the 1.30 handle yet again. Now it looks like we had formed a shooting star, and this of course is a bearish sign.
The Dollar Index gains more than 40 points amidst weaker asset classes especially the equities. The Greenback gained most against the Common currency, the Cable and the Swiss Franc where as trading flat against the Aussie. Currently...
EURUSD stays in a trading range between 1.2803 and 1.3171. The price action in the range is likely consolidation of the uptrend from 1.2042. Support is at 1.2803, as long as this level holds, uptrend could be...
Last evening the bond rating company S&P reduced the ratings of Spanish sovereign debt toward the junk level. As might be expected, this proved bearish on the euro versus the USD, taking the pair down close to...
The EUR/USD pair looked very strong during the session on Thursday as we popped from the lows. However, we still see quite a bit of noise above, and as such are not overly excited about buying this...
The Dollar Index lost more than 50 points despite lackluster trading witnessed in most of the asset classes. The Greenback lost most against the Common currency and the Swiss Franc followed by the Cable. Currently the short...
The EUR/USD fell on Wednesday in order to fall and test a trend line. We also are right at the 1.2850 level, and this is an area that we have pointed out as a possible selling signal....
The US Dollar could trade flat despite profit taking witnessed in most of the asset classes, especially in the benchmark equity index of Dow Jones Industrials Average (.DJIA). The Dollar Index is currently trading flat at 80.10...
