The aussie has bounced and broken back above its trend-line, although it is too early to say whether the breach is definitive. I think this is more probably a ‘short-covering’ rally which will resume its down-trend eventually....
The USD/JPY pair has broken out of a descending channel and is expected to fall to targets in the region of 77.65 (the June lows) and then 77.30. However, instead it is pulling back and threatening to...
The eurodollar pair spiked up over 40 pips this morning before reaching the level of the monthly and weekly pivots at 1.2100 where it has stalled. From there it is possible that the pair will resume their...
Even as the US Flash Manufacturing Purchasing Managers’ Index dropped more than expected to 51.8 points in July from the 52.1 points forecast, the American currency managed to win by 44 pips opposing the Swiss franc.
The week started with a degraded outlook on the Euro’s triple-A rated economies. Yesterday, the monetary union’s stability facility suffered the same fate.
The EUR/USD pair fell during the session on Tuesday as the problems in Europe continue. Spanish and Italian bonds continue to spiking yield, and this of course has money running from the European Union. Because of this,...
The USD/JPY pair fell during the session on Tuesday as more European worries had participants running towards safety. The pair is approaching the 78 handle, and as such we expect supportive action in the immediate vicinity.
The GBP/USD pair attempted to rally during the Tuesday session, but was turned around and form a shooting star sitting directly above the 1.55 support level. This looks rather bearish at this point in time, and this...
The AUD/USD pair fell during the session on Tuesday, as the initial surge through the 1.03 level gave way to the bearish side. The resulting candle was a shooting star, and this suggests that perhaps the Aussie...
USD/CAD had another schizophrenic day during the Tuesday session as we have bounced aggressively sense the end of last week. The 1.0250 level is in sight now, and this was our trigger price to go along of...
