The JPY gained against the USD on Wednesday under another wave of risk adverse trading leading up to today’s risk events from Europe and the United States.
The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji’s...
The currency and equity markets traded in rather consolidated fashion on Tuesday. Market participants continue to exhibit nervousness and there has been little in the way of economic data so far this week in order to push...
The EUR managed to trade in range on Tuesday as investors cautiously moved in what are still nervous circumstances. German Industrial Production data was released and turned in a slightly positive outcome, but as mentioned yesterday the...
The Sterling, like its counterparts, found itself mired in a rather tight range on Tuesday. The U.K. will release its Trade Balance statistics today, but the likely focus of investors will be on comments coming from the...
The JPY and USD pair proved that in times of crisis that they can turn in a song and dance routine that becomes rather well practiced. The currency pair moved in a consolidated manner as Asian bourses...
We tracked this pair since February as the 200 day Moving Average held firm support for the NZD. The major MA’s converged to within 40 pips of each other, which is very narrow (see blue arrow). Price...
The USD made a strong start on Monday and then allowed the EUR and GBP to bounce back from their lows. Powering to new highs the USD started to find some resistance as the day developed and...
The EUR traded to new lows early on Monday but was able to bounce back and push itself at least into stronger parts of its intraday ranges. The EUR found some stability as Hungarian officials stepped forward...
The Sterling started off Monday on a weaker foot but it did find some balance and managed to climb from its lower depths. The EUR centric storm clouds persist for the GBP, but there is also U.K....