admin Archieve
Silver started off 2012 with remarkable gains. After rising 19.15% in January, the precious metal added another 6.49% to its value in February reaching the dizzy highs of $37 per ounce, not seen since September 2011….
After the formation of a double top the AUS/USD market reversed and has been trading in a tight downtrend channel since the beginning of March. The Australian dollar lost ground at the end of the last…
Crude oil broke a long term uptrend line at the end of March and has been trading in a downtrend channel ever since as traders are starting to think of the likelihood of a solution between…
The gold market was recently locked in a downtrend channel that pushed the precious metal down towards the 1600 level. After successfully testing major resistance by 1620, gold rose in the past two sessions as several…
The Euro started off April with substantial losses that sent the EUR/USD back to the key support level by 1.30. The bulls managed to regain the control since 6th April with the market currently hovering above…
By George Soros (Financial Times) Far from abating, the euro crisis has recently taken a turn for the worse. The European Central Bank relieved an incipient credit crunch through its longer-term refinancing operations. The resulting rally…
Despite the recent drop in confidence, with the S&P 500 diving into its longest tumble since November, the US Dollar Index has been trading locked within the tight range 79.80 – 80.26 since 4th April. As…
Although the decision of the Bank of Japan to maintain key interest rate unchanged at 0.10% was widely expected, traders were caught off guard by the lack of stimulus expansion that sent the USG/JPY plummeting below…
Tuesday was a day of remarkable gains for the USD/JPY, with the bulls pushing the pair beyond 82.00, as the Fed minutes made no reference to any form of quantitative easing in the near future. With…
The Euro dropped across the board during Thursday’s session as fears of a Spanish meltdown are picking up again. The spread between Spanish and German is currently right below 19% suggesting that the Spanish bond markets…