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The EUR/USD moved sharply lower recently, and almost tested the 1.10 support area against the US dollar. Recent economic releases were not in favor of the Euro, which jolted the EURUSD pair and pushed...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Keep Selling Euros Dollar: Why We Aren’t Worried About the Fed NZD Extends Losses But Is Decline Justified? CAD: Hits...
Markets are off to a bit of a slow start to the week as the Australia Day holiday and an utter lack of traditional economic data releases give traders little reason to adjust positions. In the G10...
USD/JPY (daily chart shown below) has continued to sustain its strength within a price consolidation that has been in place since early December’s seven-year high just under 122.00.This price...
The Canadian dollar has stabilized on Monday, as USD/CAD trades in the mid-1.24 range. The loonie took a beating last week, as the pair jumped an astounding 450 points. There are no Canadian or US...
The pound has posted gains on Monday and is back above the 1.50 level. In the North American session, GBP/USD is trading in the mid-1.50 range. It’s a quiet day on the release front, with no...
North American markets are a little uninterested this morning as a variety of factors have investors paying attention to other matters outside of the trading world. While the Greek election over this...
The opposition anti-austerity party Syriza has won Greek election. Syriza gets 149 seats in Parliament (out of 151 needed for majority) and has made an alliance with the Independent party to gain the...
OverviewSyriza’s victory at the Greek snap election over the weekend continues to be at the forefront of macro-economic news in a session which has been light in terms of data releases. In the...
EUR/USD big ATR due to fundamental shiftsEUR/USD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short term trades but bear in mind that 1.1200 is now interim...
The drop in the Yuan over the past 2 days is the largest against the US Dollar since Nov 2008 as USD/CNY nears its highest (CNY weakest) since mid-2012. What is more critical is that for the first...
The sharp decline in the euro and near vertical rally in the U.S. Dollar over the past year has been rare. This chart looks at the U.S.dollar over the past 30-years. From a Power of the Pattern...
The Japanese yen has started the week with losses against the US dollar. Early in Monday’s North American session, the pair is trading in the mid-118 range. On Sunday, the Japanese trade deficit...
Last week, we took a long-term look at EUR/USD in the wake of the ECB’s historic QE announcement in order to identify the next major support levels to watch (see “EUR/USD in Freefall, is...
EUR/AUDCurrently we are at 1.4234. We are looking for a continuation to the Resistance area @ 1.4347 with an overall target @ 1.4450. The average daily true range (ATR) for the pair currently is 206...