The chart of the aussie is has a very bearish topping pattern on the daily chart stretching back over a year, indicating that the longer-term forecast is negative. On a daily basis it has continued ...
Technical Major CurrenciesEUR/USD Just 20 pips separated between the previous session`s high and the proposed entry point at 1.2700 where the pair has slipped again touching the technical objective ...
Risk markets were hit hard by comments from former Greek prime minister Papademos that Greece exit risk is "real" and preparations are being considered. Asian equities are broadly in red with Japanese...
For the 24 hours to 23:00 GMT, AUD weakened 1.18% against the USD to close at 0.9795.LME Copper prices declined 0.4% or $27.5/MT to $ 7772.5/ MT. Aluminium prices declined 0.4% or $7.5/MT to $ 1996.3/...
Last week’s currency trading review The Dollar was bid for most of the week as markets around the world extended losses on the back of uncertainty from Greek elections. Adding to the ...
Dollar Surges to 16 Month Highs – Leading Move or False Break? Congestion is usually the path of least resistance, but it seems that the reversal pattern the Dow Jones FXCM Dollar was ...
AUD/USD: the market has broken below the trend line from May 2010 to the October 2011 low. We see key support at 0.9773, Nov 28 low. The next level down is 0.9663 as we stay below ...
Parity for AUD/USD: On Wednesday, John mentioned USD/CAD’s attraction to parity, and Friday could be AUD/USD’s turn. The question is whether the 1.0020 low on Wednesday is sufficient ...
The JPY took losses against the US dollar during European trading yesterday, following a downgrade of Japan's credit rating. The USD/JPY advanced close to 60 pips over the course of the day, ...
EUR/USD The pair has worked out Triple Top and declined to 1.26897. Resistance: 1.28630, 1.30277, 1.31674 Support: 1.26897, 1.25690, 1.23907GBP/USD The pair has broken 1.60322 and aiming to...