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The AUD is trading on session highs following the release.

EUR/USD closed higher on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing would confirm that a short-term low has been

After a wild week that was dominated by news out of Greece, we head into the weekend with the majors mostly unchanged in Asia in what was a relatively quiet session. Many currency pairs seemed out of gas today with traders looking to book profits ahead of the long holiday

The EURUSD attempted to push higher yesterday, topped at 1.4537 but closed lower at 1.4474 after found a good resistance at the upper line of the triangle as you can see on my h4 chart below. The bias is neutral in nearest term. My overall intraday bias remains to the

On Thursday the Euro/Dollar continued increasing with less strength, climbing with 90 pips. The European currency appreciated from 1.4446 to 1.4538 yesterday, matching the positive Interbank sentiment projection at almost +2%, closing the day at 1.4499. This morning the European currency is making further push up efforts, but movements are

Today’s economic data calendar is dominated by purchasing managers’ surveys for the month of June. Following the release of Chinese data overnight, the key releases are in the US and UK. In the US, we look for ISM manufacturing report to register a slower pace of expansion. Our forecast stands

The pound fell on two occassion on the chart from the positive gains made by the U.S. dollar today. The rates fell sharply in Europe from the intraday high of 1.6114 to 1.5973 (-141 pips or -0.87%) as the UK Nationwide Housing Pricing Index fell flat unchanged in June 11th

The US dollar rallies against the Japanese Yen and its major peers in the morning session of New York rising sharply to the NY high of 80.87 once and easing down to 80.40 on a correction move, however only to repeat the same buying action to make a double-top formation

Mixed picture on currencies. Its not a straight sell USD or buy USD trade these days it seems. The Euro (1.4492) and the Aussie (1.0693) are strong, but the Yen (80.74) and Swiss Franc (0.8412) are relatively weak. The Pound (1.6035) continues to underperform, but is hovering around the 200-day MA.