Silver has rallied a bit during the early hours here on Friday as we continue to see a lot of support at the top of the previous bullish flag that we broke out of. So, it looks like we see a lot of market memory coming into the picture that was previous resistance and now…
The USD/ZAR is near the 17.35500 realm as of this early morning with a wide spread being seen as financial institutions start their new week in the aftermath of the U.S Fed decision last Wednesday.
The US dollar rallied against the Mexican peso a bit during the trading session here on Friday, testing the 18.50 MXN level before selling off. All things being equal, it’s also worth noting that we had formed a couple of hammers during the previous session, bouncing from the 18.20 MXN level. All things being equal,…
The US dollar initially fell against the Japanese yen during the trading session on Friday, reaching to the 50-day EMA before turning back around. It’s worth noting that the Bank of Japan had an interest rate decision, and it, of course, didn’t really do anything. But at this point in time, there are questions asked…
The euro dropped a bit against the Japanese yen during the day on Friday, breaking below the ¥174 level. The ¥174 level is an area that previously has been resistant, as it was the top of the ascending triangle that I have been watching so closely. All things being equal, the market is likely to…
The EUR/USD exchange rate retreated for three consecutive days, moving from last week’s high of 1.1920 to 1.1747. It remains much higher than August’s low of 1.1390. The focus now shifts to the upcoming US data and Federal Reserve officials’ statement.