The EUR/USD has consolidated in a sideways triangle pattern. It looks almost complete as it narrows into the apex. A break below the 1.2228 level would signal a continuation down, probably to 1.2160 where the weekly pivot...
Higher yielding assets like the Australian dollar saw significant gains during the European session yesterday after several positive global indicators led to risk taking in the marketplace. In addition, the ongoing tensions between Iran and the West...
Cable has broken out of the triangle in which it was consolidating and started to rally up quite strongly. 1.5750 is within reach and after that there is the possibility of a continuation to the level of...
Market review for 18.07.12: The Bank of England decided to keep its interest rate at a low record level of 0.5 %. Asian and European trading sessions:
The EUR/USD pair has risen and reached resistance from the top of a major down-sloping channel. It has formed a bearish shooting star on the hourly and it could roll-over and fall to support from the trend-line...
The previous European trading session saw the decline of the Euro against the British pound as German Chancellor Angela Merkel’s comments shook the financial markets. In the UK, the unemployment rate in May dropped to 8.1 percent,...
Spain continues to be hit by the debt crisis as it faces yet another challenge to its financial system. Bad loans held by Spanish banks rose to an 18-year high in May, triggering concern that the costs...
The euro fell against virtually all of its main currency rivals during the European session yesterday, after pessimistic comments from German Chancellor Merkel led to risk aversion in the marketplace. Turning to today, several potentially significant US...
The EUR/USD pair fell during the session on Wednesday, to form another negative candle in an already oversold condition. However, the candle did get a bounce later in the day to form a third hammer.
The USD/JPY pair fell during the session on Wednesday to retest the 78.75 support level that it visited the previous two sessions. The market looks relatively weak, but the fact is the Bank of Japan is underneath...
