AUD/USD Near Key 0.9172 Resistance

The Aussie rose sharply in the NY session breaking strong resistance levels and clearing stops above the 0.9130 area.
The pair began the morning at 0.9060 and closed higher by 80 pips at 0.9140. Currencies took queue from stock markets which spurred risk taking in the U.S. session.
Markets are still liable to risk sentiment shifts as [...]

Afternoon Forex Overview

Previous session overview
The U.S. dollar gained versus the euro and British pound on Tuesday, finding support amid ongoing worries about debt problems in the euro zone after Fitch Ratings warned that Portugal remained vulnerable to a downgrade.
The euro changed hands at USD1.3581, down from USD1.3636 in North American activity late Monday.
The dollar index, which measures [...]

Sterling under more pressure

Ongoing speculation that profits earned overseas by Japanese companies is finding its way home before the fiscal year-end is lifting the yen on Tuesday.
At the same time Asian stocks are commemorating the one-year anniversary of the lowest closing point of the bear market for stocks with a down day, also providing a knee-jerk bid to [...]

China’s Comments Will Haunt Gold Buyers

Forex News and Events:

FX markets were nervously quiet in Asian session, just waiting for a directional catalysis. Initially, the deputy governor of the PBoC and the head of the SAFE, Yi Gang, at a press conference in Asia, provided some detailed and honest comments regarding China’s foreign exchange and reserve policy. These comments reinforce remarks [...]

EUR/USD Falls Under 1.3600

The Euro has reversed most of Friday’s and Sunday’s gains as concerns continue to linger on deficits. Fitch today warned that Spain and France need to take stronger measures and that a sovereign default is possible in EMU, although it predicts that it would not cause a split.
Investors are also wary of the next few [...]

GBP/USD Slumps on Concerns

The Pound fell below the $1.50 level for the first time in a week on the back of weak economic data and as credit rating firms warned on UK’s sovereign rating.
UK’s house price balance came in lower than analysts estimates, at 17% from 34% expected and a previous 31%. The nation’s trade balance reported a [...]

USD/JPY to resume uptrend?

Trend:
Weekly : Bearish
Daily: Sideways
Hourly: Bullish
Support & Resistance:
From current levels, 90.28, the pair finds initial resistance at 90.69, followed by 91.28, and 92.15.
Key support to watch is the 90.00 where a break of such would open targets to the 89.71 level, followed by 89.41, 89.11, and 88.69.
Strategy:
USD/JPY is retracing some of its recent gains [...]

AUD/USD Gains Above 0.9100

Trend:
Weekly : Sideways
Daily: Bullish
Hourly: Bullish
Support & Resistance:
From current levels, 0.9110, the pair finds initial resistance at 0.9130, followed by 0.9172, and 0.9213.
Key support to watch is the 0.9071 where a break of such would open targets to the 0.9057 level, followed by 0.9015 and 0.8983.
Strategy:
Aussie extended gains at the start of the week, [...]

Next Page »