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The USD is trading at its best level since September with the EUR pressured by S&P downgrade of Greece’s debt rating and weaker equities, upbeat outlook from the Fed for the US economy adds support to the USD, GBP pressured by UK retail sales decline, Canada’s CPI rose more than…

Euro was under pressure again during the Asian session, after FED’s interest rate announcement, declining to 1,4370 area. The downward break of 1.4600 support level, had as target the area of 1.4400, but as we can now see in the charts, the move is likely to be resumed to lower…

Blood spilt on the streets of Athens bled across European equities on Thursday following the second ratings downgrade for Greece this year from Standard & Poor’s. The ratings agency also forewarned of more to come unless the Greek government conjures up some actionable measures aimed at curbing Europe’s worst budget…

Cable has fallen towards the trendline Support at 1.6080 on the daily candles. The trendline formed by joining the lows of 27 Nov (1.6271), 9 Dec (1.6167). This could possibly be the end of today’s fall and the pair may now take some breath after having recorded an amplitude of…

The Federal Reserve Bank signaled yesterday that interest rates will remain at exceptionally low levels in order to promote economic growth and support the ongoing recovery, as inflation is still under control and will probably remain subdued amid the ongoing economic weakness, meanwhile more data will be released today from…

The pair opened Thursday trading session lower breaking below its key supports at the 0.8943/04 level, its Nov 27’09/Nov 01’09 lows(The only risk to this will be a break back above its invalidated trendline and then the 0.9404 level) and threatening further downside prices. If this strength is sustained, we…

With a reversal of its Wednesday gains seen in early trading today, an indecision is beginning to set in as the pair was seen heading back lower suggesting a move back towards its Dec 07’09 high at 1.6515. Below there will expose the 1.5706 level, its Oct 13’09 low where…

Dollar/Yen made a considerable technical upward movement on Wednesday, sliding over the 89.98 resistance level, closing the day at 89.77. The bullish pressure continued increasing till the currency couple reached this morning’s top at 90.21, where the bulls ran out of steam and the Dollar reversed downwards. However, on the…