USD/CAD fell for the Tuesday session as the oil markets continued to grind higher. However, much like the oil markets, this pair has found itself winding up in a tighter and tighter manner as it has formed...
AUD/USD rose again on Tuesday as the commodity currencies got a bid yet again. The triangle that we have been watching in this pair was pierced, but the breakout was beaten back by the resistance.
USD/CHF fell for the session on Tuesday as the Dollar got sold off in general. The “risk on” trade came back, but it is worth noting that the end of the US stock trading session saw a...
GBP/USD rose during the Tuesday session as traders sold off the US dollar in general. The pair is highly risk sensitive, and as the markets was in a good mood overall for the day – this pair...
USD/JPY fell for most of the session on Tuesday, but managed a bounce to form a hammer just above the now obvious support area at 76.50 or so. The level is the bottom of recent consolidation going...
The EUR/USD pair rose over the session on Tuesday as the markets were in the “risk on” mode for most of the day. The Euro is simply far too weak and toxic at the moment to own...
Correction in the Dollar Index continues on the event of strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials. The medium trend is bullish till 80.00 ranges are holding on weekly...
The good news for the Euro: France placed its government bonds on 8.59 billion
Market review for 09 -13.01, 2012
The combination of a worse than expected Italian debt auction and the credit downgrading of several euro-zone countries on Friday, caused the euro to slip to fresh lows once again before markets closed for the week.
