GBP/USD fell during the session on Tuesday as traders continue to sell risk in this treacherous environment. The British Pound is currently tied very closely to the Euro’s fate, as the UK exports over 30% of its...
The EUR/USD pair initially had a very positive day during the Monday session as the markets reacted positively to the meeting between Sarkozy and Merkel. The meeting was successful in producing an overall concept of a fiscal...
USD/JPY fell during the Monday session as the 78.00 level acted as a massive resistance barrier to the pair. The pair has been decidedly bearish as of late, and unless the Bank of Japan is intervening, this...
GBP/USD had a back and forth session on Monday as traders first bought it up, and then sold it off. The main reason was the fact that the meeting in Europe between Sarkozy and Merkel produced what...
USD/CAD had a relatively quiet day on Monday. The pair is highly sensitive to the oil markets as the Canadians export so much to the United States. The pair is often used as a proxy for oil...
AUD/USD rose a bit during the Monday session, but mainly appeared somewhat lost and directionless. The pair has seen strong gains recently, and as a result – this positive day is more impressive than the candle would...
The USD/CHF pair had an extremely quiet session on Monday as traders seem to be waiting for the results of the EU summit at the end of the week. The Franc has traditionally been a “safe haven”...
Today at 8:15 GMT the market will digest Swiss CPI data for the month of November. The report is expected to show inflation rose by only 0.1%, up from a decline of -0.1% in October.
The Dollar Index (December basis) is trading flat with 78.00 acting as important support on the event of flat to weaker trading in most of the asset classes. Major trend is range bound between 73.40 and 81.20...
Market review for 28.11 – 2.12, 2011
