U.S. Dollar Trading Mixed; Euro Settling into Range

The U.S. Dollar is trading mixed against most majorcurrencies ahead of the U.S.three-day week-end. The Dollar was under pressure early in the session afterthe Euro and British Pound surged in continuation of Thursday’s big rally.Since then it has settle into […]

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U.S. Dollar could be Forming Major Top

The U.S. Dollar traded sharply lower on Thursday, giving thefirst indication in weeks that the event driven rally may be coming to an end.Pressure was on the Dollar

Dollar Down on Increased Demand for Risky Assets

Increased demand for higher risk assets is helping to drivedown the U.S. Dollar index at the mid-session. The Dollar is trading loweragainst most major currencies with the exception

Easing Tensions helping to Support Euro

The EUR USD is trading higher this morning, but stillstruggling with a Fibonacci retracement level at 1.2345. Regaining this pricewill be the key to igniting a surge to

Strong Risk Demand Driving Down USD CAD

A sharp rise in U.S. equity markets and crude oilis pressuring the USD CAD this morning. Yesterday’s close below the old top at1.0738 was the first clue that

Renewed Euro Zone Issues, Korean Conflict Weaken Euro

The U.S. Dollar is trading higher as renewed Euro Zoneissues and a potential conflict between North and South Korea are driving investorsinto the safety of the greenback. The U.S.

Euro Could Form Secondary Higher Bottom; Reversal Bottoms Still Unconfirmed

The EUR USD traded sharply lower overnight and early in thesession as nervous traders reacted to the news that Spain’s government had takeover astruggling financial institution. The heavy

Euro Lower but Tensions Seem to be Easing

The EUR USD sold off hard overnight as traders reacted tothe news that Spain’sgovernment had takeover a struggling financial institution. This actiontriggered fear that sovereign debt problems were

Euro Reverses Week to Up; Charts indicate More Upside to Follow

The Euro finished the week higher, but more importantlyposted a closing price reversal bottom on the weekly chart. This patternsuggests that this week’s short-covering rally could be far

Revived Risk Appetite Drives Commodity-Linked Currencies Higher

Revived risk appetite is driving the Australian, New Zealand andCanadian Dollars higher at the mid-session. The main catalysts behind the rallyare the stronger Euro and U.S.equity markets. Revived risk