GBP/USD rose during the session on Wednesday as the 1.58 level gave way. However, the 1.59 held and has pushed the pair back significantly. This recent thrust has been very positive, and a break of 1.58 is...
USD/JPY fell again on Wednesday as traders continue to press their luck against the Bank of Japan and its desire to keep this cross rate higher. The resulting bounce in the late hours of the session saw...
EUR/USD rose for most of the session as the Euro gained against the Dollar in a Fed-induced selloff. The extension of ultra low interest rates has the Dollar on the back foot, and as a result the...
The USD/JPY hit a fresh 3-month low today, as worse than expected news out of the US continued to weigh down on the pair. Rumors have begun circulating that the Bank of Japan (BOJ) may soon intervene...
USD/CAD fell on Wednesday, and even managed to get below the parity level. However, the market couldn’t maintain a break below the bottom of the Tuesday hammer, and as a result hasn’t really resolved much.
AUD/USD continued to rise in value on Wednesday as traders pile into the commodity currencies as a whole. The Aussie is also enjoying the benefits of being highly correlated to gold as well, and as that market...
USD/CHF fell for the Wednesday session as the Dollar got hit again. However, the 0.91 level came into play, and held up as support again. The area actually extends down to the 0.90 figure, and as a...
The US Dollar continues its loosing streak on the event of stronger asset classes especially the benchmark equity index of the Dow Jones Industrials (.DJIA); now that the Dollar Index is trading near short-term support of 78.20,...
The unemployment in the EU reached the record level of 10.4%.
The euro staged a small but significant upward correction during European trading yesterday, following an agreement among euro-zone leaders to set up a permanent bailout fund.
