The British pound initially went sideways on Thursday, showing signs of hesitation before the Bank of England meeting. Although there was no interest rate high, the Bank of England suggested that perhaps interest rate hikes could be...
The EUR/USD pair drifted back and forth during the session on Thursday, as the markets look relatively quiet overall. With the exception of the British pound, there wasn’t much in the way of market moving momentum, and...
The AUD/USD pair was choppy during the trading session on Thursday, as the 0.0 level continues to cause issues. If we can break above the 0.8015 handle, I think the market could rally at that point, but...
The US dollar exploded to the upside against the Japanese yen during the session on Wednesday, as we continue to see buying pressure. Further exacerbating the move was talk of a tax reform package coming out of...
The US dollar had an interesting session on Wednesday, as we initially fell, but found enough support near the 1.2125 level to turn around and break out above the 1.22 handle. I think the market will continue...
The British pound initially went sideways during the session on Wednesday, but then collapsed below the 1.3250 level. This is an interesting move, because breaking above that level was important. The question now is whether we can...
The EUR/USD pair fell apart on Wednesday, as the 1.20 level has offered too much in the way of resistance, and of course there is word that a potential tax deal may be in the works. That...
The Australian dollar fell significantly during the session on Wednesday, breaking below the 0.80 level again. This was in response to a potential tax deal coming out of the United States, that of course lifted the US...
The USD/JPY pair broke down significantly during the day on Friday, but did bounce later in the session. Ultimately, I believe that the market continues to go much lower, and the breakdown below the 108.50 level is...
The USD/CAD pair rallied a bit during the day on Friday, as the recent move had to retract a bit. I believe that most of this is probably due to profit-taking before the weekend. That being the...
