EURNZD Fails to Move Past Peak Trend

EURNZD has recorded a continuous bearish move since October's peak. Prices picked up slightly as we began December. However, strong resistance was evident against the monthly downward trendline, which is also a confluence of the lower…

Lagarde Downgrades Eurozone Recovery

Bears Look for Another Push The US index could not capitalize on its 4-day winning streak, as it closed 0.30% lower yesterday. The dollar had been attempting a turnaround in the past few days, however, US jobless claims came in far…

US Stimulus Slipping Away?

Damaged Dollar Claws Back Some Ground The US index gained some traction yesterday as it closed 0.12% higher, breaching the 91 handle. Risk aversion seems to be supporting the greenback for now, as the House of Representatives approved a…