USD/CAD looking set to break lower
The USD/CAD continued to trade in a narrow range once again last week, and extending the current consolidation phase, as the pair struggle to break […]
Forex Market Analysis
USDJPY bullish once again
The dollar yen is once again marching north having regained its bullish momentum in the past couple of days, it now looks set to break […]
AudUsd regains some positive momentum
The recent slide in the aussie dollar appears to have been halted, in part by this week’s fundamental news which included better than expected retail […]
USD Index moving strongly higher
A pivotal week for the dollar index on the daily chart which finally broke through resistance in the 81.50 area to currently trade at 82.42 […]
Eurodollar slides lower
With the inconclusive Italian elections now a dim and distant memory the euro, like many other markets is now looking to recover some poise following […]
USDJPY pulls back sharply
The sell off in the usdjpy was just a further expression of the market’s extreme over-reaction to the Italian election which saw the anti-establishment 5 […]
Minor respite for Cable
An interesting day for cable yesterday which initially opened the trading session gapped down, following Friday’s downgrade, before ending the session as a relatively wide […]
Little respite for Cable
Friday’s not unexpected downgrade for Sterling simply gave gbpusd bears another excuse to drive the pair lower. The news came late on Friday night […]
USD index back in congestion
Despite having peeked over the strong resistance at 81.60 area, the dollar index has failed to follow through in today’s trading session, reversing sharply lower […]
GBPJPY looking to turn lower
The daily chart for the gbpjpy, like several other Yen cross pairs, is at an interesting technical point. Since early February the pair has been […]
Dollar index building momentum to the upside
Yesterday’s price action on the US Dollar index was highly significant with the price once again testing the key resistance at 81.60, which defines the […]
Eurodollar sharply lower
Before moving to an analysis of the price action in today’s trading session for the eurodollar, which has so far seen the pair move sharply […]
USD breaks key resistance point
A very quick update on the USD Index which in this morning’s trading has managed to break through 81.50, which defines the upper range of […]
Eurodollar continues to be mildly bullish
The eurodollar continued to trade in a narrow range yesterday, ending the session with a narrow spread up bar before closing at 1.3388, as […]
Relentless slide in cable continues
The recent sell off in cable continues unabated with the pair now breaking below the 1.5550 price point and indeed at the time of writing […]
Eurodollar slides on poor GDP numbers
Today’s dramatic fall in the eurodollar appears to have been triggered by weaker than expected economic data from the eurozone which confirmed that the economy […]
Eurodollar analysis 7th February 2013
Ever since Mario Draghi pledged last year that the ECB was ready “to do whatever it takes” to preserve the euro, the single currency has […]
Eurodollar waits on ECB
With markets wait for tomorrow’s interest rate decision from the ECB the eurodollar on the daily chart has continued to trade sideways moving between 1.3457 […]