Looking at the eight-hour chart in gold, we see a potential reversal structure shown by the bearish wedge pattern....

USD/JPY continued its advance during the North American session yesterday. Our preferred buying zone was not penetrated before, the low was 104.21. The rally stalled at the 105 yen resistance this...

We wrote yesterday that “…We might see a bounce materialize starting from the 0.8860:80 area but with yesterdays action the trend has reversed again. We would look to sell recoveries in the 0.8950...

Following the break out of the bearish wedge pattern the EUR/USD slipped lower yesterday down to 1.3581. We are seeing a recovery back up through 1.36 during the last few hours....

Following the break out of the bearish wedge pattern the EUR/USD slipped lower yesterday down to 1.3581. We are seeing a recovery back up through 1.36 during the last few hours....

The dollar was restored to its pre payrolls data strength versus the euro yesterday and held firm on Thursday as investors recovered their faith in the US economy....

The US created 74k jobs in December, easing off the previous 241k jobs created last November, and the figure came short of the markets’ expectations that pointed towards a 200k reading....

In yesterday’s forecast we wrote that if the price of gold fails to close above a key resistance area marked by the $1’253 and $1’255/ ounce levels, it may plunge lower to test support at $1’27.90,...

With the general USD strength yesterday our short term negative outlook for USD/JPY was negated. (“Key short term resistance is 103.50 and the major level at 103.80. Only rise above these levels...

Our bullish scenario from yesterday for the AUD/USD did not materialize. When support at 0.90 did not hold we saw strong follow through selling and are already a 100 pips lower - just underneath the...