U.S. Dollar Rebounding Slightly at Mid-Session

Oversold conditions and rumors of possibleAsian market intervention are helping to boost the U.S. Dollar off of its lows. While the Dollar continues to be drivenlower on speculation of another round of Federal Reserve quantitative easing,traders are watching technical indicators […]

Continue Reading…

Strong Stocks, Gold and Crude Oil Help Push Canadian Dollar toward Parity

A breakout to the upside in the U.S. stockmarket, a new record high in Gold and firmer crude oil prices are helping topush the Canadian Dollar toward parity

EUR USD Rebounds Higher Following Fed Minutes

The EUR USD is trading higher, bouncingback after a sharp decline earlier in the session. The rally in the Euro is inreaction to the news that the Fed

U.S. Dollar Mixed as Jobs Data Offers No Insight into Fed’s Next Move

The U.S. Dollar is trading mixed at themid-session after the Non-Farm Payrolls Report failed to offer any insight intohow much the Fed is likely to contribute to its

U.S. Dollar Pares Losses; Posting Gains versus Swissy, Loonie and Kiwi

The U.S. Dollar is paring its earlier losses against the major currencies at the mid-session while posting gains versus the Swiss Franc, Canadian Dollar and New Zealand Dollar.The

Euro Breaks Through Major Fibonacci Level at 1.3896

The U.S. Dollar is trading lower againstall major currencies in reaction to this morning’s disappointing U.S. ADPemployment report. Traders were banking on a figure of +20,000 but were

Euro Surges despite Better U.S. ISM Report

The Euro is surging at the mid-sessiondespite the release of a better-than-expected U.S. economic survey. The surprisedecision by the Bank of Japan to ease monetary policy further is

Euro in Position to Post Daily Reversal Top; Setting up for Correction

The Euro is under pressure at themid-session, putting it in a position to form a closing price reversal top andsetting up the market for a near-term correction. The Euro

EUR USD Soars to Six-Month High; Speculators Betting on Fed Easing

The EUR USD soared this morning, hitting anew-six month high, as a report indicating brewing weakness in the U.S.manufacturing sector supported speculators betting on additional quantitativeeasing by the

Aussie Dollar Set-up to Tumble; Reversal Top Could Form

The U.S. Dollar strengthened this morningafter touching a five-month low against the Euro. The subsequent break in theEUR USD has put this pair in a position to form