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The pair moves close to the 50% midpoint of the move up from the March 2 low The USDCAD has moved to a new session low and in the process has moved below a lower channel trend line and the high of the next target area. That area encompasses a low at 1.3960 and high […]

Reaches for the 38.2% at 1.20926 The GBPUSD is not alone in reaching a new extreme vs the USD (low dollar). In the current hourly bar, the EUR, CHF, CAD, NZD, and AUD have reached to new extremes (low dollar).  The USDJPY remains above its lows but only by a few pips.  

Increases the levels importance going forward In the earlier post on the EURUSD, I outlined the close support area saying: Stay above the 1.09507 will now be eyed as close risk/bias for the pair.

<p>Initial Jobless Claims were released earlier today, and the number was not pretty.  Yesterday, we discussed how this number was expected to be larger than any we had ever seen before.  According to Bloomberg, the average estimate by economists was 1,500,000 initial jobless claims filed for the week ending March 21st.  The actual number was

<p>Gold prices continue to rise above the simple moving averages (SMAs), towards the two-week high of 1,638, stretching its upward movement from the four-month trough of 1,451.  According to the RSI, positive momentum could push for further gains in the short-term as the indicator picks up steam near its overbought zone. The stochastic oscill

<p>Markets: After a back-to-back rise in stocks, Europe kicked off trading on a cautious note today. Equities slipped to an intraday low of as much as 3% but erased most if not all of the losses going into US dealings. WS opened in solid green (3-4%) as investors feel comforted by the Senate approving the […]

<p>The dollar index accelerated lower on Thursday, extending steep pullback into fifth straight day. Fresh weakness broke below key supports at 100.28/00 (Fibo 38.2% of 94.59/103.80 rally/psychological), generating strong reversal signal. It seems that the uptrend with massive gains in past two weeks (the index rose 8.1%) might be over and be

The gold futures contract lost 1.65% on Wednesday, as it retraced some of its Monday's – Tuesday's rally after Sunday's Fed unlimited Quantitative Eas

The S&P 500 has rebounded over the past few sessions and a key resistance at 2563/77 is being broken . Economists at Credit Suisse analyze the technic

USD/JPY has been stuck in a sideways range since 2017. The ascending trendline is an important point of reference, according to analysts at Rabobank.