The euro started the week off by extending its recent bearish trend, as investors remain doubtful that any meaningful strategy for combating the euro-zone debt crisis will be unveiled during an EU summit later in the week.
The EUR/USD pair fell for much of the session on Monday, but managed to find support at the 1.25 level. This caused the pair to print a hammer for the session, and this suggests that we are...
The USD/JPY pair fell hard on Monday as the risk appetite around the world fell overall. The Yen gained against many of the major currencies around the world as traders stepped back their “risky bets.” The 80...
The GBP/USD pair fell slightly during the Monday session as the stock markets around the world fell. The pair is highly risk-sensitive, and as a result it makes sense that the pair would lag on a day...
The AUD/USD pair fell for much of the session on Monday as the markets around the world backed away from the idea of taking risk. The pair managed to find support at the parity level though, and...
The USD/CAD pair rose during the session on Monday as the risk appetite around the world fell. The top of the recent consolidation level was broken, but the pair did pull back some in the end.
The euro was able to close out last week’s session with moderate gains against several of its main currency rivals following an ECB decision to ease rules for funding struggling banks in the euro-zone.
The USD/CAD pair fell most of the session on Friday in order to retrace half of Thursday’s gains. The pair will be highly influenced by the oil markets, and the oil markets are currently testing serious support...
The AUD/USD pair managed to bounce on Friday, in order to form a bit of a hammer. What is most interesting about this hammer is that it is sitting just above the parity level. Because of this,...
GBP/USD fell just slightly at the end of the session on Friday as the market seemed content on digesting the losses on Thursday. The 1.57 level held the bulls down, and as a result we think this...
