As the markets re-evaluated the possibility of the BoE tweaking the rates in 2015, the Sterling took a massive hit, plummeting more than 250 within a day.
Last Friday, the EUR/USD currency pair dropped considerably, as it reached the major level of 1.20 and crossed a number of important support lines, including the 2012 low.
After indecisiveness during the last days of 2014, USD/SGD is now boldly moving north, towards the 2008 low at 1.3445, despite the technicals being largely mixed. While on its way to the resistance the pair should be supported at 1.3353, where the weekly R1 coincides with the daily R1 and the up-trend. However, if this demand is insufficient, the exchange
Since the resistance at 1.18 proved to be impenetrable earlier this year, AUD/SGD has been in a distinct bearish trend. First it established a ceiling at 1.14, now there is a dense supply area around 1.09. The risks are skewed to the downside also according to the four-hour and weekly technical indicators.The nearest significant support is at 1.0620 (Dec low
The NZD/USD pair dived 100 pips during this Friday, down from 0.78 to 0.77.
The end of the holiday season ended with a market surprise, where the USD/CAD sky– rocketed 130 pips from 1.15 to 1.17.
It took the pair over a week to regain some previous losses.
The Japanese yen started the first after– holiday trading session by depreciating to 145.21 versus the Euro, yet the volume was rather mild during the day.
On Wednesday, the bullion declined once again and pierced through a considerable support lines' area around $1,190, then represented by the weekly PP and 23.6% Fibo retracement.
Despite absence of any notable supports, today USD/JPY has managed to recover some of the losses made last Monday.
We should not be lulled by the recently demonstrated calm behaviour of the Cable.
On December 31, the EUR/USD currency pair dropped considerably and set a new low of the year 2014 at 1.2096.
On Tuesday, Gold has unexpectedly jumped due to political tensions in Greece, which increased demand for the safe-haven metal.
USD/JPY took a major hit yesterday, plummeting more than 100 pips from the monthly R1.
For the time being the currency pair remains trapped between the weekly pivot at 1.5567 and a cluster of supports at 1.55.
Due to low trading volumes towards the end of the calendar year, even the most traded currency pair was a subject only to marginal changes on December 30.
Tuesday showed a quick rush to the upside for more than 73 pips.
The USD/CAD seems to be struggling to show any confident move.
The AUD/USD continues its retreat from the year 2010 low at 0.807.
The Euro tumbled versus the Yen to the South for almost 147 pips on Tuesday.
Gold undertook a correction period during the first day of New Year's week.
Despite all the recent attempts of USD/JPY to conquer 121, the weekly and monthly R1 levels stay intact.
GBP/USD failed to cover all the distance to the six-month down-trend at 1.5650 as initially expected.
EUR/USD pair continued trading in the bearish environment on Monday, as it declined below the weekly S1 and set a new minimum of the year 2014 at 1.2123.