Early, the USD was under pressure yesterday with across the board selling. ‘The US recovery is slowing and it is time to sell the USD’ was the mantra. The markets were attracting a lot of new bears,...
The EUR/USD pair had another back and forth session on Tuesday as the market simply cannot decide which way it wants to go. The downtrend line from the February highs continues to hold the bulls back, and...
The USD/JPY pair had a volatile day on Tuesday as the 80 level continues to be a magnet for action. The level is a massively supportive area, as it was the scene of a massive breakout back...
The GBP/USD pair fell for much of the Tuesday session, only to bounce and form a hammer by the end of the day. The hammer was formed at the 1.62 level, and as a result it looks...
The AUD/USD pair fell on Tuesday as the Reserve Bank of Australia cuts rates by .50 percent during the early part of the session. This of course led to Aussie selling, and as a result the pair...
The USD/CAD pair fell during the session on Tuesday as the oil markets broke out above the $105 resistance level. The pair continues to be bearish overall, and as a result this market is only sold by...
The AUD took heavy losses vs. its main currency rivals during yesterday’s trading session, falling a bigger than expected cut in Australian interest rates. The AUD/USD fell over 100 pips following the news, reaching as low as...
The US dollar extended its bearish trend during yesterday’s trading session, as investors continued to digest the disappointing US Advance GDP figure released last week. The greenback hit a two month low against the Japanese yen while...
The EUR/USD pair continued to confound traders on Monday, while not only going back and forth, but also giving everyone a little bit of what they want. Simply put, the market isn’t willing to take too many...
USD/JPY has been an interesting market lately. The technical outlook for this pair has seen wild swings in momentum, and many traders and analysts are out there preaching one thing last week and another this week.
