GBP/USD had a tumultuous session on Wednesday as traders continue to weigh the “risk” trade in this environment. The 1.55 level is the start of a massive support, and it runs all the way down to the...
USD/JPY rose a bit on Wednesday, but continues to be pressured to the downside overall in this market. The Bank of Japan has intervened several times in this pair, but at much lower levels. Because of this,...
EUR/USD fell again on Wednesday as the FX community continues to shun the EU and the “solutions” that the region keeps coming up with. The 1.30 level has been broken, but the candle for the session looks...
The markets were focused on the FOMC meeting today.
As the latest SNB Monetary Policy Assessment approaches there has been speculation of an impending move by the SNB to raise the floor of the EUR/CHF to 1.25 or perhaps 1.30 from its current 1.20 level.
USD/CAD continued to run higher during the session on Tuesday, even as the oil markets ran higher at the same time. Normally, the Canadian dollar gets a bid on oil demand. This shows just how “risk off”...
AUD/USD initially tried to rally on Tuesday but found itself selling off later in the session. The resulting candle is a shooting star that sits just above the parity level, an ominous sign in and of itself.
USD/CHF rose again on Tuesday as the run to the US dollar continues. The Swiss National Bank is willing to work against the value of the Franc. The pair has even ran to the 0.95 level, and...
GBP/USD fell hard on Tuesday as the world continues to run to the US dollar. The pair is fairly sensitive to the global risk appetite, and as the world reenters the “risk off” trade again, it makes...
USD/JPY fell for the first part of the session on Tuesday, only to bounce hard and end the session slightly positive. In fact, the daily candle looks like a hammer, and even suggests that higher levels are...
