The British pound fell on Friday, as the overall bearish pressure on Sterling continues. Ultimately, this is more or less a build of confidence, as the Teresa May government continues to struggle. These are very important times...
The EUR/USD pair showed extreme amounts of volatility early in the session on Thursday, but after the jobs number came out of America, we shot higher, reaching towards the 1.1750 level. At this point, I think that...
The Australian dollar initially tried to rally during the session on Friday, but found the 0.7750 level to be resistive after we broke down below it. This is a very negative sign for the Australian dollar, as...
The US dollar initially fell against the Japanese yen on Thursday, but found enough support near the 112.50 level to turn around and bounce. I think that the market will continue to find buyers underneath, so I...
The USD/CAD pair exploded to the upside as the Canadian trade deficit continues to expand. Ultimately, we broke above the 1.25 handle, and for me that’s a very bullish sign. Given enough time, the market should then...
The British pound initially went sideways on Thursday but then broke down rather significantly. We reached down towards the 1.31 handle, and breaking below the 1.32 level for me was a very negative sign. I think that...
The EUR/USD pair initially went sideways on Thursday, but then rallied a bit. However, we found enough resistance near the 1.1780 level to turn around and fall significantly. We are testing the 1.17 level as I write...
The Australian dollar fell precipitously during the session on Thursday, crashing into the 0.78 level. This is an area where we have a bit of a “hard floor”, and having said that it’s likely that the buyers...
The US dollar initially fell against the Japanese yen during the day on Wednesday, but found enough support near the 112.25 level to turn around and rally significantly. By the end of the day, we have gained...
The USD/CAD pair initially fell on Wednesday but found enough support near the 1.2450 level to turn around and rally towards the 1.20 level. However, this is a market that is very choppy due to several factors...
