The AUD/USD pair initially spiked during the session on Thursday as the “hopium rally” started back up. The market looks as if it expected that the Fed Chairman would start to talk about easing during his testimony...
After being away from the daily skirmishes in the currency wars for over a week, there is always apprehension about your return. Might there possibly be a new set of drivers in these markets, drivers that will...
The euro saw moderate losses in mid-day trading yesterday, as investors remain concerned about Spanish debt and its possible effect on other countries in the region. Following the ECB’s decision to leave euro-zone interest rates at 1.00%,...
The EUR/USD pair rose during the session on Wednesday as the 1.25 level gave way as resistance. The pair is getting a boost by the potential easing out of the Fed, and the fact that the ECB...
The USD/JPY pair gained for the third session in a row on Wednesday as the “risk on” trade came back into vogue. The Bank of Japan has been jawboning the value of the Yen down again, and...
The GBP/USD pair managed to bounce hard finally on the session as the hammer from the previous Friday finally trigger buy orders. The pair is a risk sensitive one, and as a result we think that this...
AUD/USD rose during the session on Wednesday as all risk related pairs did. The open speculation now is that the Federal Reserve will ease again because of the poor jobs number. Also, with the situation in Europe...
The USD/CAD pair fell hard during the session on Wednesday as the market started to speculate that the Fed will be forced to ease again. The oil markets got a nice boost during the session, and as...
The Reserve Bank of Australia lowered the interest rate by 0.25 % points – to 3.5 %. Asian and European trading sessions:
The euro erased most of its recent gains in trading yesterday, as investors once again shifted their attention to Spain’s debt issues, which in turn led to risk aversion in the marketplace.
