Greetings. Let’s take a look at the EUR/CHF hourly chart. We saw a strong move up from the low in August and it looks like the upward movement may potentially be fizzling out.
Euro is loosing its positions against the greenback.
The USD/CAD pair shot straight up on Monday as traders continue to push it around in the consolidation box it has been stuck in for over a month. The pair looks like it is simply trying to...
AUD/USD fell hard on Monday, and unlike the rest of the “risk currencies”, it didn’t bounce that much at the end of the session, or at least a lot less than these types of currencies. With that...
USD/CHF rose after gapping on the open Monday, but retraced a lot of that move as the markets settled down in the US afternoon. This pair is being supported by the Swiss National Bank, so selling isn’t...
The GBP/USD pair fell hard at the open on Monday, but managed a significant bounce back in the US session. This shows that there is continued support for the Pound, even as it keeps making new lows.
USD/JPY fell on Monday as traders continue to look for safe havens. However, the Bank of Japan has been very supportive of this pair lately, and one has to think that it is only a matter of...
EUR/USD fell hard on an opening gap on Monday, but bounced hard as rumors of the Greeks and the “Troika” are close to an agreement for the second tranche of the bailout money that the Greeks need.
Today will see the publication of several US economic releases, with most news focused on housing. Liquidity will likely be higher in today’s later trading as these data points are published, though the impact of Europe’s ZEW...
After the Dollar Index corrected to 76.00 ranges, it gained to currently trade at 77.80 ranges, the major trend indicates it appreciating to 79.00 ranges before resuming downwards. Double dip depression in the US is still glooming...