USD/CHF fell during the Thursday session as originally the markets decided to go out on the risk spectrum. The Swiss National Bank is still willing to sell off the Franc if the value of it gets too...
USD/JPY fell during most of the session on Thursday, only to bounce again in the end. The rumors are flying out of the EU and the markets are rocking back and forth because of this.
During yesterday’s press conference European Central Bank President Mario Draghi laid out 3-pillars for the “Fiscal Compact”. He also stressed the ECB will not use QE nor will it purchase unlimited amounts of European bonds. The EUR...
The Euro gained amid expectations that Europe will expand the fund for assistance
ECB President Mario Draghi has hinted at his willingness to support European nations with additional bond purchases if European governments will move to restore investor confidence in the euro zone.
USD/CAD had a very neutral day on Wednesday as the market attempted to break the pair down below the 1.01 level and failed. The resulting daily candle was a doji, and finished just slightly positive.
AUD/USD rose on Wednesday after printing a hammer on Tuesday to show support again. The Aussie is a “risk on” currency, and with each rumor that looks like the EU will get some kind of relief, this...
USD/CHF continues to tread water under the all-important 0.93 level as the market dynamics are pushing people away from risk, and into safety overall.
The GBP/USD pair rose quite strongly on Wednesday as traders rallied the Pound in general. The move to just above 1.57 is the 5th attempt to break above it lately, but each time it gets this high...
USD/JPY had a fairly quiet day, albeit negative on Wednesday. The pair continues to grind lower every time it rises, and this latest sequence of trading days does nothing to suggest this will change anytime soon.
