Yesterday we wrote that: “…For today we expect some kind of consolidation of that rally during the European session. We might re-test the breakout level at 104.80.” The pair did not only consolidate...

AUD/USD struggled with the 0.8940 on Wednesday. We then saw a thrust higher above that resistance as stops were taken out. This move was short-lived; the Aussie could not establish itself above that...

We saw substantial weakness in EUR/USD as anticipated yesterday (“As long as the pair stays below 1.3657 the immediate technical picture is bearish and we could see a new substantial leg down starting...

US equity ended mixed yesterday at close as investors mulled the possible pace at which tapering may progress. Yesterday data out of the US was good the ADP national employment report, widely...

The European Central Bank is confronting a slow recovery and inflation that's too low as its top officials hold their monthly interest-rate meeting Thursday.   The monetary authority for...

The start of the year’s rally in gold stalled at the 38.2% Fibonacci retracement of the October high to December low move, by $1’249.80 per ounce....

 Unemployment in the eurozone appears to have stabilized as official figures showed the rate in November steady at a record 12.1 percent for the eighth month running.   Eurostat, the...

The action in the Aussie is a bit “boring” in the last few days as. We currently see a sideways consolidation underneath a key resistance level....

USD/JPY is on the move since last evening and broke above the key short term resistance at 104.80 this morning. Congratulations if you traded that breakout as suggested yesterday - the high this...

The dollar crept higher against the yen on Wednesday, extending its rise from the previous day, and edged closer to a five-year high....