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Pound Could Test 1.35 This Week

With the rally from 1.35 to 1.4990 in 3 waves, a flat could be unfolding (flats have subwaves 3-3-5). In flats, most of wave A is retraced. Sometimes,…

US Dollar, Japanese Yen Dominate, Australian and Canadian Dollars Face Rate Decisions in Next 24 Hours (Forex Video)

The US dollar and Japanese yen continued to dominate on risk aversion as the EU rejected a plan to assist Eastern European banks and as AIG announced Q4…

US Dollar, Japanese Yen Hold Strong as AIG Losses, Bailout Add to Financial Market Concerns

- Euro Consolidates Above 1.2550 as EU Says ‘No’ to Bailout for Eastern Europe – British Pound Breaks Below Support – 1.35 Next? – Canadian Dollar Down…

COT 03/02

AUD: Australian Dollar speculators are net short and commercials net long.

COT: Dollar Speculative Longs Increase but Gains Still Favored

Speculative US Dollar long positions continue to increase as do commercial short positions. Until the 13 week index is at 100, this is bullish evidence….

Kiwi Descends to Fresh Multi-Year Lows (Daily Classical)

Euro 1.2515 break is imminent. Dollar/Yen showing signs of short-term top. Cable finally takes out 1.4055-95 support. Dollar/Swiss clears previous weekly…

Momentum and Event Risk Require a Strong CADJPY Range Setup

Stalwart dollar and yen-based ranges are under pressure, imparting a heightened sense of risk for all congestion-based positions in the currency market….

Australian Dollar Outlook – RBA Expected to Cut Rates to Record Low Tonight

The Australian dollar is trading at a critical point, as AUD/USD is aggressively testing a trendline that has served as support since October 2008. With…