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The GBP/USD continued the free fall on Friday after the NFP came out much stronger than expected, with the pair breaking below 1.486 before bouncing back to create a hammer on the daily chart. At 1.4897 at the time of writing, the market is taking a ...
After breaking below 94.00 a couple of weeks ago, the greenback is recovering against the Japanese Yen, with the USD/JPY hovering around the 98.00 area from the beginning of the week. The formation of two hammers in a raw in the daily chart suggests ...
The greenback gained significant ground against the Canadian Dollar in the past week breaking through 1.04 that has been offering strong resistance since July 2011. This morning we are higher again as USD/CAD trades at 1.0506 at the time of writing. ...
After a week of heavy losses that pushed the EUR/USD below 1.29, traders appear happy to take on more risk today and move out of the safe haven of dollar. At 1.2858 at the time of writing, the euro is enjoying some good strength against the ...
The GBP/USD pair initially rose during Monday session above 1.583 only to fall later and close at 1.529. At 1.5304 at the time of writing, the market seems to follow the same pattern as yesterday. With key resistance at 1.538 and the RSI standing ...
The Australian Dollar enjoyed good strength against the US Dollar after China reported a trade deficit for March, pushing AUD/USD above 1.05. At 1.0515 at the time of writing, the bulls seem to have found enough collective momentum to push the ...
The risk-aversion towards the Australian Dollar that built up in the end of February has sent the AUD/USD back to levels not seen since July 2012. From a fundamental point of view, the decline in demand for higher-yielding currencies and the ...