GBP/USD fell precipitously on Wednesday as the Bank of England minutes discussed more easing for the United Kingdom going forward. The Pound fell against all currencies, and the Dollar was no exception.
USD/JPY broke through the 80 level on Wednesday as the barrier finally gave way. The daily close is above the level, so this looks as if it is a serious attempt to break out and away from...
The EUR/USD pair hardly moved at all on Wednesday as the markets continue to question the Greece issues. The announcement of a deal between Greece and the “troika” caused a bit of a reaction a few days...
With the Dow Jones Industrials (.DJIA) unable to sustain above 13000 mark, the Dollar Index may trade sideways between 78.60 and 79.85. Though the major trend of the Greenback is bearish, it may trade sideways some time.The...
The market reacted positively on the decision of providing assistance to Greece. Market review for 21.02.12: The market reacted positively on the decision of providing assistance to Greece.
Fears that Greece could still default on its debt despite Monday’s approval of a bailout package led to risk aversion in the markets yesterday. The euro largely reversed earlier gains against both the USD and JPY as...
USD/CAD rose again on Tuesday as the gap from the weekend was filled. The pair is sub-parity which is a negative sign; however there is a ton of support lower than here. The 0.9750 level is the...
AUD/USD fell hard on Tuesday as the risk appetite of the markets seems to be fading slightly. Perhaps it is the fact that the participants already expected the Greeks to be bailed out, but the fact is...
The USD/CHF continued to bump along the 0.91 to 0.90 support area on Tuesday as the European situation continues to plague the attitude of the markets. The Swiss are going to be heavily exposed to the European...
The GBP/USD pair continues to bounce around the 1.58 level, and on Tuesday saw a selloff to continue the back and forth action. The weekly chart has a shooting star from two weeks ago, and a hammer...
