The USD/CHF pair fell again on Thursday as traders continue to buy the Swiss Franc against most other currencies. The pair tested a weekly trend line and failed to the upside a couple days ago, and as...
The USD/JPY pair rose quite a bit on Thursday, but only to fall again in later trading. The 77 level is now turning into significant resistance at this point, and should keep a bit of a cap...
The EUR/USD pair fell hard on Thursday, as traders are focusing on the various issues in the European debt markets. The Non-Farm Payroll report comes out at 8:30 a.m. New York time and this pair will certainly...
The GBP/USD pair fell on Thursday, and even managed to break below the 1.62 mark as traders sold off many risk-related assets around the world. The Pound has been a favorite of sellers lately, but now is...
The AUD/USD pair rose on Thursday, and continues to impress in its ability to rise in the face of a “risk-off” environment. The Aussie is now becoming a bit of a safe haven play, albeit moderately so,...
Most significant on today’s calendar will be the US publication of its Non-Farm Payrolls (NFP) data. Should today’s news foreshadow a modest growth in the largest economy’s employment sector, an assessment that seems less likely from data...
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
After a new fresh high at 0,8250 in the beginning of the week, the pair is showing signs of weakness by breaking back below the key 0,80 level.
The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 78,00 to confirm a bullish reversal.
