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EUR/CHF perked up again as UBS joins Credit Suisse in announcing negative rates on franc deposits. The CHF situation comes to a head on Thursday with the SNB meeting. Meanwhile, the FOMC meeting is up...
The triangle on EUR/USD on Monday ended up breaking out higher and fulfilling its 1.2975 target. It will now probably correct back in a final wave lower, perhaps to the 50-day MA at 1.2925, or maybe...
GBP/JPY Daily OutlookDaily Pivots: (S1) 131.88; (P) 132.17; (R1) 132.69Intraday bias in GBP/JPY remains neutral for the moment and some consolidations would be seen below 132.93. Further rally would...
After some initial volatility, the forex markets are generally still stuck in tight range this week so far. Negotiation on resolving the fiscal cliff remained a deadlock although House of Speaker...
Yesterday’s panic over the future of Italian politics dissipated by the afternoon with bond yields and peripheral stocks bouncing off their lows and returning only an averagely bad day. As we...
USD/JPY Open 82.36 High 82.64 Low 82.11 Close 82.33On Monday USD/JPY decreased with 50 pips. The currency couple depreciated from 82.64 to 82.11 yesterday, matching the negative money flow sentiment...
Australian business confidence slumped in November sending Aussie lower in Asian session trade but the currency rebounded in early European dealing as better risk flows and brought it back to even....
As the year winds down, investors have been taking advantage of the increased volatility that’s present in the market since the U.S. announced better than forecast employment data. However, the...
The pair is trading along an uptrend.The uptrend may be expected to continue in case the market rises above resistance level 1.2990, which will be followed by reaching resistance level 1.3050.An...
The dollar wasn’t carrying its own weight through the opening trading session of the week. However, a weak environment for speculative turnover and trend development helped to keep the...