After steadily gaining on the dollar and yen yesterday in overnight trading, the euro once again turned bearish during the European session. Renewed concerns regarding the political situation in Greece triggered the bearish correction.
Following weeks of speculation regarding how Facebook’s debut on the New York Stock Exchange would turn out, investors were mildly disappointed with the social media site’s performance on Friday night.
The EUR/USD pair originally fell for the session, but the markets covered short positions late in America in order to create a pop in this pair. The G8 meeting at Camp David over the weekend could produce...
The USD/JPY pair continued to fall on the Friday session as the Yen strengthened again. The market is openly speculating that the Bank of Japan will do little to ease next week, and as a result the...
The GBP/USD pair has been viciously sold off over the last several sessions, but the Friday markets saw a bit of a reprieve. The daily candle closed to form a bullish hammer at the 1.58 vicinity, and...
The AUD/USD pair fell on Friday as the “risk off” attitude continues to haunt the markets. The Aussie is suffering at the hands of the fear of European debt issues and as the risk assets around the...
The USD/CAD pair fell for most of the session but saw a nice bounce at the end of the day as the oil markets fell apart. The 1.02 level gave way, and we now are well above...
USDCAD’s upward movement from 0.9799 extends to as high as 1.0226. Further rise would likely be seen next week and next target would be at 1.0400 area. Support is at 1.0080, as long as this level holds,...
USDCHF’s upward movement from 0.8931 extends to as high as 0.9500. Another rise to test 0.9594 previous high resistance would likely be seen next week, a break above this level will indicate that the longer term uptrend...
USDJPY’s downward movement extends to as low as 78.99. Resistance is now at the downtrend line on daily chart, as long as the trend line resistance holds, downtrend could be expected to continue and next target would...
