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The Canadian dollar has picked up where it left off last week, posting gains against its US counterpart. USD/CAD has dropped close to a cent since Wednesday, and the pair is testing the 1.04 line on...
USD/JPY is starting the new trading week with little fanfare. In European trading on Monday, the pair is trading in the mid-98 range. Japanese markets are closed on Monday for a holiday. Over in the...
Good start to a new week as Monday’s forecast headed in our direction for the most part, especially the EUR/USD, GBP/USD, USD/CAD, USD/CHF and EUR/JPY. The oceanic pairs had trouble reaching our...
The focus this week is on recent US dollar strength, technical price trends and the key support and resistance levels for the major currencies. EUR/USD has plunged down to the 1.3500 area – just...
We expect the ECB to wait until December to cut rates and use Thursday’s meeting to intensify dovish commentary about the currency’s role in supressing inflationary pressures. December is...
EUR/USD Open 1.3512 High 1.3525 Low 1.3440 Close 1.3507On Monday EUR/USD increased with 85 pips. The European currency appreciated from 1.3440 to 1.3525 yesterday, not matching the negative money flow...
USD/CHFBIAS: I have noted an alternative outcome that should also be observedResistance: 0.9113 0.9134 0.9151-61 0.9174-77 Support: 0.9096 0.9074-84 0.9066 0.9040-45MAIN ANALYSIS: The 0.9148-53 are...
GBP/USDThe GBP/USD is testing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), and one more rise to...
Major Economic Data AheadKey economic data looms ahead this week, including interest rate policy announcements from Australia, the UK and the eurozone. Additionally, at the end of the week we have...
EUR/USDThe pair finished the London session in minor positive territory following a weaker USD, with weakness being driven by a variety of factors external to the euro zone. With Japanese markets...
GBP/USD At 10:40 GMT, the GBP traded at 1.5963 against the USD, 0.23% higher from the New York close, after the UK’s construction PMI surpassed market expectations in October. During the...
A confluence of factors all conspired to give the poor old US Dollar some much needed bullish momentum last week, coming in a variety of ways and from a variety of sources.The first of these was the...
Dollar likely set bottom on a substantial shift in forex market sentimentForex volatility prices have risen, but remain near year-to-date lowsStrong Dollar correlation to volatility suggests large...
Most of the major currencies are trading higher this morning, which suggests that forex traders are looking forward to the busy trading week. There are many tier-1 economic reports and central bank...
The euro was able to eke out some gains against the US dollar in the European session, bouncing off a recent six-week low. After a sharp decline last week due to speculation that the European Central...