Friday`s poor US employment data has turned the technical picture completely. As written in our weekly outlook last weekend we now expect the Aussie to recover back up into the 0.9100:0.9150 area....

After Friday`s US employmenet data the EUR/USD saw the anticipated rally. We mentioned in our daily forecast thet the path of least resistance is up....

EUR/USD has remained supported at 1.3661 so far in early Monday trading ahead of European open....

USD/JPY failed to post a new high for the year last week. We basically saw a trading range between 104 and 105 before the large drop on Friday after the disappointing (for the USD bulls) employment...

Last week we wrote that “…the short term AUD/USD bulls were not able to push the pair decisively beyond the key 0.9000 level. The Friday close below that level suggest that we might see another leg...

EUR/USD saw some follow through selling last week but our downside target at 1.3500 was not touched. The low of the week was at 1.3548 on Thursday during Mario Draghi`s press conference. On Friday we...

EUR/USD saw some follow through selling last week but our downside target at 1.3500 was not touched. The low of the week was at 1.3548 on Thursday during Mario Draghi`s press conference. On Friday we...

Looking at the one hour chart of Gold we notice that we had a nice bearish confirmation for the day that occurred this morning....

The triangle pattern we discussed yesterday transformed into a more complex consolidation pattern as traders were hesitant to put on new short yen positions ahead of today’s non-farm pay roll report....

The euro slipped yesterday afternoon after European Central Bank President Draghi delivered a dovish tone at a news conference yesterday....