The Sterling once again lost value and finds itself languishing near its recent lows against the USD. There was a banking holiday in the U.K., but the GfK Consumer Confidence reading was published and had an outcome...
The BoJ has been met with a large amount criticism in recent days as it has proved again that it has little teeth and has not been able to defend the JPY. The Japanese currency continues to...
Friday came and went with all the force of a feather. The currencies and the broad markets traded in rather tight ranges most of the day putting into focus the amount of caution that prevails and the...
Additional poor data was reported from the U.S. on Wednesday as the New Home Sales completely missed its estimate. The outcome of 276k was far short of the 333k expectation. And troubling to investors was that the...
The German Ifo Business Climate reading provided some positive news for the E.U. on Wednesday with a mark of 106.7, which beat the estimate of 105.8. The EUR did trade in a stable range and managed to...
No major economic data came from the U.K on Wednesday and today only the CBI Realized Sales will be brought forth. Today’s release has an estimate of 23, which is below the previous result of 33. The...
The JPY and AUD both traded in fairly tight ranges on Wednesday. Asian bourses continued to turn in mixed results as fallout from the strong JPY continues to create havoc with Japanese equities, but in turn helps...
USDCAD: We found this chart to be quite interesting. We are using a weekly chart below and what we clearly see is the range the CAD has been trading versus the Greenback. On a daily chart you...
EURUSD: The EUR closed below both the 100 day and 50 day moving averages. The candle that caused the fall also initially broke below the 38.2% Fibonacci Retrace level. This level is generated by using the low...
Existing Home Sales in the U.S. plunged according to Tuesday’s report and this confirmed ‘whispers’ that had surrounded the number before its release. The USD traded in a stable manner against the EUR and GBP yesterday and...
