Currency Trading

[...] 2012. EURO Bounces Back Following Drop Below 1.3170 The euro is trading down 0.04% against the US Dollar at 1.32003. The currency pair gained 0.28% to end yesterday’s session at 1.32059 after [...]

[...] towards safe-haven investments following the Syria tensions and tapering bets, leading to US Dollar gains across the board, while equities and high yielding currencies took a beating. In the final [...]

[...] British Pound extended its gains against most major counterparts and gained 0.30% against the US Dollar in yesterday’s session, closing at 1.5542 after price got rejected near the 1.5600 [...]

[...] and tapering decision on Wednesday. Euro Trading Down in Asia The Euro gained 0.27% against the US Dollar in yesterday’s trading, closing the session at 1.3333 having reached as high as 1.3385. [...]

[...] since Feb ’13. The pair is currently trading at 1.58270, having gained 0.07% in the Asian session, approaching the following key resistance at 1.6000, however we would expect to see some [...]

[...] previous session against the US Dollar, closing at 0.92264 and has gained 0.51% in the Asian session as of this writing. While the Aussie seems unstoppable, this pair is challenging the 0. [...]

[...] on a daily close. British Pound Rejected at Resistance The Cable traded up to 1.6180 in the Asian session, reaching a new a 8-month high, but has since traded down to 1.6140. The bullish momentum in [...]

[...] the session at 1.3333 having reached as high as 1.3385. The pair is nearly unchanged in the Asian session with only a 0.02% loss from the close. We expect thin trading until the Fed’s tapering [...]

[...] level, or a break below 1.5550. Aussie Rallies on Positive Economic Data The Australian Dollar had a very bullish week gaining 0.66% in the last sessions and 3.18% for the week, [...]

[...] , with the upward trend having lasted over 3 months and a potential correction in order. Australian Dollar / USD Bearish Shooting Star The Aussie gained 0.80% last session, closing above the key- [...]

[...] have not yet announced any plans to reduce their 7 trillion yen bond buying program. The Australian Dollar rallied following the better-than-expected GDP data and China growth, while the British [...]

[...] from last week’s report. There was also evidence of bearishness on the Australian Dollar. EUR/USD Bullish Pin Bar Off of 1.3170 Support The Euro lost 0.16% against the US [...]

[...] Friday as a result of the weaker-than-expected jobs report, ending the week at the 1.31771 resistance level. The euro posted a 0.32% loss for the week, having now given up its year-to-date gains and [...]

[...] in yesterday’s session, closing at 1.5542 after price got rejected near the 1.5600 resistance level. The pair is currently trading at 1.5548 in the Asian markets. We could see the price [...]

[...] Index is trading up 0.62% at 22,892.70 with 2 hours to the close. Having broken the 22,700 resistance level, the pair looks poised to reach the 23,500 high from May ’13 within the next few [...]

[...] we would consider taking a very short-term long position with a target at the 1.3300 resistance level. Pound Breaks Above 1.5600 Resistance The British Pound has lost 0.06% against the US [...]

[...] since July 10th ’13 in the Euro / US dollar. Gold rallied 4.13% back up to the 1,360 resistance area and US equities jumped on the news. The Nikkei 225 Index opened nearly 1.3% to the upside, [...]

[...] to buy from the 0.9300 support handle, but with caution. Should the pair rally to the 0.9600 resistance area, selling on weakness at these levels should be able to be done with relative safety. Choppy [...]

[...] some losses, the price was quickly rejected, indicating some selling pressure near the resistance area 1,650. We would expect the index to keep falling as long as the uncertainty around Syria and [...]

[...] for AUD/USD We would look to sell this pair on any signs of weakness from the .9000/9050 resistance area. Japan’s Yen Reaches 1-month Low Against US Dollar and GBP The Japanese Yen reached a 1- [...]