The broad markets turned in another complicated day before going into the weekend as the U.S. Non Farm Employment Change turned in a dramatically disappointing figure which showed a gain of only 39k (a far cry from...
While the USD and EUR both are faced with serious questions, the GBP is not far behind when it comes to mixed economic data. Today the BRC Retail Sales Monitor will be published. Tomorrow the U.K. will...
The JPY picked up quick ground on Friday and early trading today, on the heels of the U.S. jobless report as Asian investors have exhibited again a tendency to use the Japanese currency as a safe haven...
The Jobless numbers from the States today will steal the spotlight from the problems Europe is facing going into the weekend. The USD lost ground to the EUR and GBP yesterday as more stability came into the...
The next two days should provide an electric trading atmosphere, this on the heels of the today’s ECB monetary policy press conference and tomorrow’s U.S. Non Farm Employment Change numbers. The USD lost ground to the EUR...
AUDUSD Although the Australian dollar has slipped 5% off of its highs, the chart indicates that a bounce may be on the way. Prices have been falling in an ever narrower range, forming a falling wedge. This...
EURUSD The Euro continues to drop, as fear of an escalating crisis pressure the currency. Price has been moving down in a wide price channel. If price can penetrate the lower channel line, that would indicate a...
EURGBP After a steep drop against the Pound, the Euro is now attempting to put in a short-term bottom at support. Several days in a row that ended near their close, with long wicked candlesticks, suggest that...
As expected Thursday’s trading was rather muted as the United States celebrated Thanksgiving effectively taking a massive amount of volume out of the markets. Friday will start basically in the same ranges that the markets have seen...
USDCAD After testing the falling trendline, prices have resumed their downward trek. Interestingly the move down today is symmetrical to the move up that took price up from 1.01 to 1.0240 (see green box), a week ago....
