After the Fed chairman, Mr,Bernanke announced buying MBS and other assets to boost the job market, the Dollar stumbled to the month’s lows to currently trade at 79.02. DX seems to be heading towards the historic support...
The GBP/USD pair rose during the session as the US dollar sold off in general. The Federal Reserve announced larger than expected and longer than expected quantitative easing measures during the Thursday session, and as such we...
The GBP/USD pair rose during the session on Wednesday as the rally continued. The 1.61 level offered resistance though, and we have formed a bit of a shooting star. We don’t think that any fall from this...
The US Dollar slipped across the board though with lesser momentum; with all eyes on the Fed policy today, the most of the major pairs are trading flat. Further direction may be established during American session.
The GBP/USD pair shot straight up after the hammer top on Monday was broken during the Tuesday session. 1.60 level has held a support, and it does look like we’re going to continue on to our target...
The US Dollar continues to slip across the board; after the Dollar Index closed below 81.00 ranges it continued to slide to currently trade at 79.80 ranges; 78.20-78.90 is now the watch out support.
The GBP/USD pair fell for much of the Monday session, but bounced in order to form a bit of a hammer that is focused on the 1.60 handle. This makes sense, as the level is a large...
The Dollar Index at the historic support of 80.00, though 81.20-82.00 would act as major resistance. The benchmark equity index of the Dow Industrials (.DJIA) is currently trading firm at 13200 ranges after hitting intermediate resistance of...
The Dollar Index has closed below the critical support of 81.00 to currently trade at 80.30 on the event of the ECB decision to go unlimited bond buying to tackle the Euro zone debt crisis. Weaker the...
GBP/USD rose during the Friday session as the jobs number in the United States disappointed. With the anemic growth in the month of August, it appears that the Federal Reserve will have to embark on more monetary...
