USD/JPY continued to bounce around in the 100-pip range we have been watching on Wednesday. The pair is being watched by the Bank of Japan, and it should be obvious and well-known by now that they are...
Concerns over the situation in Europe are growing.
Today, traders should pay close attention to the release of the U.S. Pending Home Sales report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the...
The Dollar Index is finding stiff resistance in the ranges of 78.85-79.00 ranges due to bargain buying in most of the asset classes especially the equities though the major trend is still bearish. As long as 79.50...
Greetings. Let’s take a look at the GBP/USD chart. We’ve been in a sideways channel and it looks like we may be setting up for a break to the downside. Look for the pair to potentially hit...
Willingness to take risks is back.
EUR/USD rose for the session on Tuesday, but pulled back late in trading as reports came out of the EU that there was some kind of disagreement on the amount of “haircuts” or losses on Greek bonds....
GBP/USD spiked on Tuesday, continuing the three day rally in this pair. However, there was a bit of a selloff late in the session and this created a long wick at the top of the candle. The...
The USD/CAD pair fell hard on Tuesday as the 1.03 level proved to be too much. We suggested that a break of the Monday low would be a sell signal, and this proved to be true.
USD/CHF fell on Tuesday as traders sold the Dollar to buy riskier assets in general. However, the USD/CHF pair did see a bit of a rebound late in the day as the rallies worldwide fell off.
