USD/JPY Falls After Massive Spike

During last night’s Asian trading the Dollar / Yen pair saw a significant charge out of the gates as the Chinese released stronger than expected manufacturing numbers, signaling that the world’s economic health might be stronger than thought. Unfortunately for dollar bulls, this move did not last for long. After rising all the way to an FX rate... Read more...

GBP/USD Still Bullish

GBP/USD managed to reach an intraday high around 1.6090 yet finally closed at the Asian opening levels, barely unchanged intraday. Read more about GBP/USD…  Read More →

EUR/USD Holds Above 1.3880

EUR/USD continues to move sideways in Asia as traders remain cautious ahead of the RBA rate decision. The pair dropped toward an intraday low at 1.3881, although it failed once more to extend below the 1.3880/70 area that has been supporting the pair for the last four sessions. Read more about EUR/USD…  Read More →

USD/JPY Near a Test of All Time Low

USD/JPY Current Price: 80.98. The Yen recovered, pushing the cross back to test the key 80.85 support area, with the price holding now in a very tight range around 81.00; short and long term bias remains bearish. Read more about USD/JPY…  Read More →

Canadian Dollar Benefits from Greenback’s Slide

The Canadian dollar (CAD/USD-I0.980.0070.70%) made strong headway Thursday, rising more than two-thirds of a U.S. cent as commodity prices rose and the U.S. dollar resumed its downward slide. The currency closed up 0.69 of a cent at 97.9 cents (U.S.). The loonie had fallen the previous two sessions amid volatility on currency markets ahead of next Wednesday’s... Read more...

British Pound Benefitting from Rising Yield Expectations and Dollar Weakness

The GBP/USD reversed yesterday’s losses as the pair continues to benefit from broader dollar weakness. The greenback’s decline has helped spur risk appetite as stocks and commodities become cheaper for foreign investors. Read more about the British Pound…  Read More →

EUR/USD Decline Supported by 1.3892

The US Dollar gained marginally against the single currency on Friday, as traders flew to safety assets, mainly driven by positional adjustments on the belief the Fed will expand briskly its quantitative easing program next Nov 2. Read more about EUR/USD…  Read More →

Forex: USD/JPY, Upside Limited

Despite dollar recovery across the board, USD/JPY has been trading lower after reaching the 82.00 level during the Asian session; trading around 81.60 price zone, the upside has remained limited by Wall Street, as stocks sink as FED hopes wane. Read more about USD/JPY…  Read More →

GBP/USD Breaks Lower

The Cable failed to hold above 1.5755 and broke lower, falling to 1.5728, a fresh daily low. GBP/USD held close to session lows, under pressure. The pair weakened after the Wall Street opening amid a strengthening of the Dollar across the board. Read more about GBP/USD…  Read More →

Euro Looks for Bid with Prospect for QE Increasing

Markets continue to debate the possibility and the scope of quantitative easing from the FOMC which has lead to shifts in dollar sentiment. The EUR/USD has started to carve out a short-term range as the pair has become a proxy for overall greenback direction. Read more about the Euro…  Read More →

USD/JPY Regaining the Upside

The Dollar is trading higher against the Yen today, and the recovery from the long-term low at 80.40 has extended to the session high at 81.40, regaining all the ground lost on Monday. Read more about the Dollar and the Yen…  Read More →

USD/CAD Hits Fresh Daily High

The U.S. dollar was up against its Canadian counterpart on Tuesday, rising to a fresh daily high as risk aversion increased following the release of worse-than-expected U.S. housing data. USD/CAD hit 1.0266 during European afternoon trade, a fresh daily high; the pair subsequently consolidated at 1.0246, advancing 0.47%. Read more about USD/CAD…  Read More →

GBP/USD Technical Analysis:1.60 is the Key in Cable

GBP/USD analysis shows the following today: The all-important 1.60 handle has shown to be a “double top” over the course of the last several months, as shown by the arrows on the chart below. What were even more impressive were the shooting stars that formed at the 1.60 level, as it formed the second top. Read more about the Cable…  Read More →

Dollar Holds Steady Against Euro

In trading today, the dollar managed to pick up against the euro, which has encountered technical resistance and has struggled so far to stay above the $1.40 barrier. The downward move in EUR/USD is most likely attributable to investor wariness over what the Federal Open Market Committee will decide in its November meeting.  The uncertainty of the... Read more...

EUR/USD: Option Plays Still the Dominant Factor

No change in the prognosis here with heavy demand below 1.3850 providing a base overnight, and there is also talk of barriers at 1.3800 which will be protected. Read more about EUR and USD…  Read More →

EUR/USD Retreats Further Towards 1.3900

The Euro extended its late US decline passed 1.3933, Monday’s low, falling to find support at 1.3907, a new daily low. The pair was taken higher to 1.4079, a one-week high on Monday, but the 1.4000 level continues denying further bullish scope. Read more about the Euro…  Read More →

USD/JPY Heading Toward 79.75

USD/JPY Current Price: 80.87. The Japanese yen resumed its bearish trend, reaching a fresh 15-year low at 80.40 and consolidating just below the previous one around 80.85. Read more about the Japanese yen…  Read More →

USD/CAD Fails to Hold Above 1.0200

The Loonie is consolidating gains against the Dollar on Monday. USD/CAD failed to hold above 1.0200 during the American session and pulled back to 1.0180. Read more about the Loonie…  Read More →

EUR/USD Back to 1.3950

EUR/USD Current price: 1.3942. Wide ranges and strong volatility continue, with the pair entering the Asian session around past Sunday opening despite reaching an intraday high around 1.4077. The Euro lost momentum, as investors continue taking profits out of the table quite fast, and working with tight stops. Read more about the EUR and USD…  Read More →

USD/JPY Rises to Test Resistance

The Dollar has been able to hold above 15-year lows that lie at 80.40 so far during the American session. In the last few hours, USD/JPY has gained momentum and currently is testing an intra-day resistance zone that lies at 80.70. Read more about USD and JPY…  Read More →

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