The EUR/USD pair absolutely fell apart on Wednesday as the Italian 10 year bonds broke above the 7% mark for the first time since adopting the Euro. The pair was relentless in its selling, and it now...
The trigger for yesterday’s slide in the EUR was when LCH Clearnet raised its margin requirements for Italian bonds, forcing some banks to put up additional capital or sell their positions. Most chose the latter and thus...
Market participants are looking forward for the voting results in the Italian Parliament.
USD/CAD had a bearish day during the Tuesday as the oil markets rose. The CAD is highly sensitive to the price of oil, and as such will rise when the markets in crude rise. The pair fell...
AUD/USD fell again on the session for Tuesday, but bounced again in order to form a hammer at the end of the day. The pair looks like it is trying to find real support at the 1.03...
USD/CHF tested the 0.9000 level on Tuesday, but found sellers at that area. The pair has been pushed around quite a bit by conflicting comments out of Swiss National Bank officials over the last 24 hours, so...
The GBP/USD pair rose during the session on Tuesday as the Dollar was sold off against most of the major currencies. The pair still remains above 1.60 which is very bullish, but formed a shooting star candle...
The USD/JPY pair fell during the session on Tuesday as traders shorted the Dollar against most major currencies. The pair is being supported by the Bank of Japan via intervention, so the move down will more than...
The EUR/USD pair rose on hopes the EU is getting closer to a solution as the Italian PM has promised to resign. However, at the same time Italian bonds are spiking to the highest levels since joining...
Since last week’s bout of USD strength the major currencies continue to trade in defined ranges as market players look for the next big event which could come from Europe.
