The AUD/USD pair initially rose during the Wednesday session before falling again in the afternoon. The pair remains under the 1.05 level, and it appears sellers have stepped into the pair once we got close to it.
The USD/CHF pair fell a bit on Wednesday, but managed to recover some of its losses towards the end of the session. The pair is being supported by the threat of Swiss National Bank intervention, and as...
The GBP/USD pair rose above the 1.60 level during the Wednesday session, only to be repelled by it over the course of the trading day. The failing at 1.60 does cause a case for bearishness, but there...
The USD/JPY pair fell on Wednesday as the trading community knows the intervention was unilateral. The unilateral interventions by the Bank of Japan in the past have failed, but it is rarely a direct fall in this...
The EUR/USD managed a decent rally for most of the session, but pulled back later in the day. The massive fall over the past several sessions begged for a bounce, and it got it. However, with all...
Today marks the end of an era as the ECB press conference will not be led by Mr. Euro, Jean-Claude Trichet. In steps the Italian Mario Draghi who begins his terms as ECB President. Draghi has a...
Greetings. Pulling up the USD/JPY daily chart, it looks like we may see some shorter term upward movement to potentially test the strong trend line. Look for a test of the 80.00 price area. The overall trend...
Correction in the benchmark equity index of the Dow Jones Industrials propels the Greenback. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 rangesThe benchmark equity index of the...
Concerns over the interest rate reduction pressures the euro. Asian and European trading sessions: Euro: Speculations regarding the slow-down of the European growth and concerns that the ECB would reduce the interest rate during the next meeting...
The USD/CAD pair shot straight through the parity level on Tuesday as traders continued to embrace the “risk off” trade. The pair is highly sensitive to the risk parameters of global trading, and as such it will...
