The USD was in consolidation/ correction mode this week ahead of the NFP. This is in a sense the market’s way of paring some overextended USD gains, but also offers a chance for the market to… |
The USD/JPY has stalled at the Falling Wedge pattern’s downtrend line resistance after the emergency meeting by the Bank of Japan (BOJ) failed to create the desired yen weakness… |
The markets continued to consolidate for most of the week. The USD consolidated for the week, but ended the week on a high note The AUD/USD is at a critical support level, and the USD/CAD… |
The uptrend on the daily time frame of the AUD/USD has corrected lower. Selling pressure built at the 0.9200 level sending the pair lower in what could be considered part profit taking, and part over extension from a four week rally. This article examines the SPX500 and Silver as well. |
After 2 major event risks, last Friday’s NFP and This Tuesday’s FOMC announcement, the USD is looking poised to making a recovery from its recent weakness.Global risk aversion may be the factor behind… |
This week, The USD had some early signs of recovery. It was mainly stabilizing after being pressured the previous weak. There were some strong USD gains on Wednesday, but… |
This week, The US dollar continued to loss ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD also gained on the greenback… |
This week, the greenback is seen fighting back, although its gains have been slight. It has been most apparent with the EUR/USD. Against the USD/JPY, it is simply holding the Japanese yen from further gains. It also gained… |
This week, the greenback continued to weaken after fighting back a bit last to end last week and the start of this week. However, we saw it slide across the board. Even more pressured were… |
The USD was pressured to start the week, and continued further. However, it started to fight back against the JPY, and by Friday, it fought back across the board. The EUR/USD for example was projected to 1.2750 to start the week, and topped at 1.2720. Other USD… |