GBP/USD Open 1.6324 High 1.6405 Low 1.6189 Close 1.6332 Pound/Dollar did not make a significant movement on Wednesday, yet managed to snatch out of the the triangle formation on the 3 hour chart, reaching the 1.6405 top, indicating consolid...Read More>>

EUR/USD Open 1.4521 High 1.4586 Low 1.4373 Close 1.4533 Euro/Dollar corrected insignificantly upwards on Tuesday to the 1.4586 top, closing the day at 1.4533. Although the bullish adjustment did not come as a surprise for us after the big d...Read More>>

USD/JPY Open 89.46 High 89.93 Low 88.60 Close 89.61 Dollar/Yen attempted to fall on Monday but the 88.36 support did a good job, preventing further downward pressure and maintaining a valid bullish scenario, as seen on the 1 hour chart. The...Read More>>

GBP/USD Open 1.6265 High 1.6320 Low 1.6189 Close 1.6267 Pound/Dollar made an increasing movement on Tuesday, reaching a peak at 1.6315, from where the Cable dropped as expected, down to 1.6209 bottom, closing the day at 1.6267. The Sterling...Read More>>

USD The US Dollar gained across the board on Tuesday in advance of the conclusion of the two day Federal Reserve meeting later on today. The Fed has been emphatic in their insistence that interest rates will remain at the near zero level fo...Read More>>

USD/JPY Open 88.69 High 89.40 Low 88.36 Close 88.58 Dollar/Yen made an unconvincing break of the 89.70 resistance on Friday, therefore bulls ran out of strength and the currency couple started dropping, which continued on Monday, closing th...Read More>>

Fundamental Analysis: Interest Rate Decision The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tommorow (Dec 16) in the US. The decision on where to set interest rates depends mostly on growth outlook...Read More>>

GBP/USD Open 1.6309 High 1.6320 Low 1.6189 Close 1.6311 Pound/Dollar traded hesitantly on Monday within the 1.6189 - 1.6320 range, forming divergence on the the daily chart, which indicates consolidation phase for the Cable. Signals are neu...Read More>>

Fundamental Analysis: ZEW Economic Sentiment Report German traders await publication of the ZEW Economic Sentiment Report, which will be released tomorrow (Dec 14). The report determines sentiment among German institutional investors, with...Read More>>

USD The US Dollar gained broadly on Friday after a Retail Sales report came in stronger than expected, boosting the hopes, once again, that the US will move to raise interest rates sooner than initially predicted. The US Commerce Department...Read More>>