Technical Analysis

Despite a release of better than expected US purchase orders data the currency rate did not manage to bypass the 55-hour SMA and soared in the opposite direction. The main drivers that pushed and are ...
Technical Analysis

In result of the previous trading session, the exchange rate made a breakout from the falling wedge formation. The surge was not sharp, as the pair was slowed down by a combination of the 55- and 100-...
Fundamental Analysis

The Canadian Dollar fell strongly against the American counterpart on the Bank of Canada's interest rate decision on Wednesday. The USD/CAD gained 106 base points or 0.84% to the 1.2763 mark and conti...
Fundamental Analysis

The US Durable Goods Orders report was one of the weakest currency trigger on Wednesday, causing a modest decrease in the EUR/USD exchange rate. The Euro fell against the Greenback 7 base point, but r...
Fundamental Analysis

The Sterling strengthened against the US Dollar on the reports indicating the first signs of the UK economic recovery. GBP/USD rose 51 base points or 0.39% to the 1.3125 mark. The pair continued surgi...
Technical Analysis

USDJPY (113.48): The USDJPY continued to post declines following the doji reversal formed above the 114.00 handle. The downside breakout below 114.00 suggests a near term retracement. Price action is ...
Technical Analysis

GBPUSD (1.3270): The British pound closed with strong gains yesterday on a better than expected GDP print. Price action has managed to breakout to the upside from the long term triangle consolidation ...
Technical Analysis

EURUSD (1.1827): EURUSD posted strong gains yesterday as investors were seen bidding up the common currency. The euro closed at a three day high and was seen extending the gains in the early trading s...
Technical Analysis

The U.S dollar has moved lower against the Japanese Yen, hitting 113.37, as global stocks come under selling pressure, following weaker than expected company earnings figures from the United States. T...