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...
The pair is pulling back after the last 2 weeks sharp decline with an attempt below parity which offered a great support as expected.
The pair has validated a weekly double bottom formation which might result in a major long term reversal if a break above parity is confirmed over the coming sessions.
The Swiss Franc has been once again the main active currency last week after the SNB Vice President statement about a possible change in their policy with their currency being pegged to the Euro.
The pair is still under pressure but managed to hold it historical low at 76,30 last week.
The pair is trading flat over the long term represented by its weekly chart. It evolves in a trading range between 1,59 and 1,67.
The pair continues to trade without clear directional bias. Market participants are now waiting for a catalyst to choose their side.
Market Review – 13/08/2011 00:32 GMT Euro rises on renewed risk appetite due to U.S. retail sales data The single currency strengthened Friday as better-than-expected U.S. retail data brought back investor’s risk appetite but price retreated after...
The USD/CAD pair rose again on Friday as the market found the oil contracts to be a bit sluggish. The oil markets are going to control the CAD for the foreseeable future, as it is a major...
The AUD/USD pair fell, and then rose on Friday as traders took on more risk in the later hours of the session. The recent consolidation area looks like it wants to be supportive of the market, and...
