USD/CAD finally smashed through the 1.03 barrier as the risk trade got hammered on Monday. The barrier should turn into support at this point, and the pair should press ahead to retest the recent highs in the...
The USD/CHF pair had a very quiet day on Monday as the resistance in the 0.93 area shows just how hard the next leg up could be in this pair. However, as the USD is the last...
The USD/JPY pair rose during the session on Monday, showing signs of support just below the 77 level. The candle from Friday was a hammer, and shows just how well supported this area could be for the...
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
The congressional super committee that was assigned to solve the roadblock the government faced over the summer did not help to improve market sentiment. However, according to US bond yields and the recent performance of the USD...
Comments by ECB President Mario Draghi highlight the ECB’s position in the European debt crisis. His remarks suggest the European Central Bank will not come to the rescue of financially pressured nations. However,
The Dollar Index traded flat on Friday on the event of sideways trading witnessed in the benchmark equity index of the Dow Jones Industrials. Major trend is range bound between 73.40 and 81.20 where as the medium...
GBP/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and rightfully so as the Bank of England continues to hint of further quantitative easing to come.
USD/JPY fell during the Friday session, but managed a bounce to form a hammer at support. The pair looks like it is ready to bounce a bit, but buying isn’t advised. The pair is decidedly bearish, and...
