The euro staged a downward reversal yesterday, following a German debt auction that caused investors to once again place their funds in safe-haven assets. Today, traders will want to pay attention as major market volatility is expected...
GBP/USD fell overall during the session on Wednesday as the pair reached the upper end of the recent consolidation range. The 1.57 level just above the current price has been the start of a resistance zone up...
The USD/JPY pair sat fairly still during the Wednesday session as the pair finally reached the “meat” of the support. The pair is decidedly bearish, but the Bank of Japan remains below and willing to intervene if...
EUR/USD fell again during the Wednesday session as the risk appetite was fleeting from the Tuesday rallies in equity markets around the world. The pair continues to be plagued by EU debt problems,
USD/CAD rose during the Wednesday session, but only somewhat. The daily candle looks much like a shooting star at the bottom of a fall – a sign that bearish pressure could be mounting.
AUD/USD fell originally during the Wednesday session as the “risk off” trade came back again. This makes perfect sense as the rally from Tuesday had to be reclaimed. (The markets are extremely volatile after all.)
USD/CHF rose to the upside on Wednesday as the 0.93 level proved to be supportive yet again. The area was the site of a breakout a couple weeks ago, and we suggested that it should continue to...
Riskier currencies like the euro and UK pound turned bullish yesterday, following the release of the British manufacturing PMI in morning trading. Meanwhile, the price of crude oil is steadily rising as tensions between the US and...
USD/CAD fell hard on Tuesday as traders continue to buy the oil contracts. While the US economy continues to expand, the oil markets are being jolted by troubles in the Persian Gulf area between Iran and its...
Tuesday saw the AUD/USD gain serious strength as traders rang in the new year with optimism. The pair will follow the risk sentiment, and it appears that it is sudden strong. However, there isn’t much that has...
