The USD/ JPY pair bounced nicely in a show of strength on Wednesday, after falling on Tuesday. The pair has recently been very bullish as the Bank of Japan announced an expansion of the bond buying program...
The GBP/USD pair has a reasonably quiet day on Wednesday as the markets await the result of the decision by private bondholders of Greek debt. While this is mainly a European problem, the British are heavily exposed...
The USD/CHF pair fell a bit during the Wednesday session, pulling back from the 0.92 handle. The pair has been very bullish as of late, so this kind of reaction at a major handle will do little...
The AUD/USD pair fell during the session on Wednesday, but managed a bounce later in the session at the 1.05 level to form a hammer. This suggests to us that the pair is ready to continue the...
The USD/CAD pair fell from the parity level on Wednesday as the resistance held true. However, there is a ton of support below, and at varying levels all the way down to the 0.97 handle. With this...
Following a slow trading day yesterday, traders can look forward to significant volatility today, as significant euro-zone news is scheduled to be released. A press conference from the European Central Bank, scheduled for 13:30 GMT, is expected...
Possible problems regarding exchange of Greece bonds put pressure on the
The euro dropped to a two-week low against the US dollar during European trading yesterday, as ongoing fears regarding Greece’s upcoming debt swap have boosted safe-haven assets. Other riskier currencies, like the AUD, tumbled throughout the day...
USD/CAD Rose again during the session on Tuesday as the oil markets sold off. This is the normal correlation between these two markets, and as a result no big surprise.
AUD/USD fell on Tuesday, breaking below the bottom of recent consolidation. The 1.06 level giving way was indeed interesting, but in reality the major support that should continue to see this pair higher is at the 1.04...
