The British pound fell rather hard during the day on Wednesday, reaching down towards the 1.31 handle. There is a certain amount of support there though, extending down to the 1.30 level after that. I believe that...
The EUR/USD pair did very little during the day on Wednesday, as we continue to bang around the 1.16 level. I think that the 1.17 level above is essentially the “ceiling” in the market, as more than...
The AUD/USD pair rallied a bit during the day on Wednesday, but continues to struggle at the downtrend line that I have marked on the one-hour chart. I believe that this slight pullback could be the beginning...
The US dollar rallied initially during the day against the Japanese yen on Tuesday, reaching towards the 114.30 level. However, we are pulling back slightly, as I record this. Overall, I believe that the market continues to...
The US dollar rallied significantly during the day on Tuesday, breaking above the 1.28 level in a surge higher. Crude oil markets now have to worry about a lack of demand according to OPEC, and that should...
The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.31 handle. This is an area that begins significant support, extending down to the psychologically important 1.30 handle. There is both horizontal...
The EUR/USD pair has drifted a bit lower during the day on Tuesday, as we continue the overall gentle downtrend. We have recently broken below the bottom of a head and shoulders pattern on the daily chart,...
The Australian dollar continues to fall, as Tuesday was yet another negative session. It looks as if we are heading towards the 0.76 level underneath, which should offer some psychological support. However, if we break down below...
The US dollar rallied against the Japanese yen after initially chopping around during the session. The jobs number of course missed, and it sold the pair off, but Americans came back and picked it up again. Ultimately,...
The US dollar went sideways initially during the session on Friday, but then broke down rather significantly as the Americans missed the expected jobs number. By doing so, this favored Canada, and we course rolled over. Even...
