AUD/USD fell again for the Thursday session as the risk appetite continues to crumble. With the massive issues going on in Europe, there is little in the way of traders wanting to bet on the health of...
Technical analysis for 17/05
Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the euro-zone led to risk aversion in the marketplace.
For weeks the forex markets have been focused on the plight of the euro and the economies in the Eurozone. The bears were perplexed, as the euro versus the USD, continued to find support around the 1.30...
The EUR/USD pair fell again on Wednesday as various negative issues surround the common currency at the moment. The market heard that the ECB has discontinued monetary operations with some Greek banks as they don’t have the...
The USD/JPY pair rose during most of the session on Wednesday as the pair continues to find support in the 80 “area”. However, the daily candle looks like a shooting star, and as a result it looks...
The GBP/USD pair fell on Wednesday to reach for the 1.59 level. However, we didn’t close below it, and that is the sell signal that we have waited for. Until that happens, we are very interested in...
AUD/USD fell again on Wednesday as the commodity markets fell due to risk aversion. The European concerns continue to hurt the riskier assets, and the Aussie is suffering for it. However, the end of the session saw...
The USD/CAD pair has been one that we have been watching for several sessions, and the biggest problem we had was the fact that the “parity” level was not only resistive, but 100 pips thick.
The euro started off yesterday’s trading session on a positive note following a better than expected German Prelim GDP figure which caused the EUR/USD to advance to 1.2868.
