USD/CHF Technical Analysis August 18, 2011
The USD/CHF had a consolidation day on Wednesday as traders are digesting the move by the Swiss National Bank to devalue the Franc.
Author: FX Empire
GBP/USD Technical Analysis August 18, 2011
The GBP/USD pair rose on Wednesday as traders dumped the USD and bought the GBP, obtensively based upon the higher than expected inflation numbers out of the UK on Monday.
USD/JPY Technical Analysis August 18, 2011
The USD/JPY pair fell on Wednesday as traders continue to test the patience of the Bank of Japan. As the bank has recently intervened, and has stated several times that it is “monitoring the currency markets”, it...
EUR/USD Technical Analysis August 18, 2011
The EUR/USD had a bullish day to start with on Wednesday, but pulled back to form a bit of a shooting star at the top of the recent downtrend channel. It should also be noted that the...
USD/CAD Technical Analysis August 17, 2011
The USD/CAD pair initially rose during the Tuesday session, but then fell to form a shooting star of sorts just above the 0.98 level. This crucial support level needs to give way for this candle to be...
AUD/USD Technical Analysis August 17, 2011
The AUD/USD pair fell on Tuesday as the markets in general did, but then found a bid late in the day to form a bit of a hammer.
USD/CHF Technical Analysis August 17, 2011
The USD/CHF pair had a bullish day on Tuesday as session saw a retest of the bullishness on Monday. The Swiss National Bank is set to make an announcement on Wednesday as to their intentions to devalue...
GBP/USD Technical Analysis August 17, 2011
The GBP/USD pair continued to climb on Tuesday as traders were pleasantly surprised by a slightly higher than expected inflation report out of the UK this week.
USD/JPY Technical Analysis August 17, 2011
The USD/JPY pair continues to sit in a stagnant fashion as the psychological game between the trading world and the Bank of Japan continues.
Euro Zone Liquidity Expected to be Kept Low Monday
Sentiment across the euro zone has turned negative, with many analysts and economists expecting moves towards safety by traders this week. Any more bearishly-leaning news out of any major global economy will likely pull down on the...