The AUD/USD pair managed to bounce after falling through the 1.05 level that acted as support. The fact that the daily candle ended up is a hammer is also very bullish, and as such we think that...
The USD/CAD pair fell during the session on Wednesday in order to finally break down below the 0.99 level. This area had acted as support over the last week, but now has given way and it looks...
A worse than expected US Core CPI figure yesterday caused the US dollar to reverse its gains from earlier in the week against the Japanese yen. The greenback had more luck against the euro, as an increase...
USD Major currency pairs traded within narrow ranges and closed the trading day almost at their opening prices. However, dollar managed to gain versus the yen, driven by the increase in the US treasury yields. Turning to...
Market review for 14.08.12: The reports for German and French economical data were quite positive. Asian and European trading sessions:
The euro got an early-morning boost when the German GDP Season Adjusted (Q/Q) came in a tick better than expected at a positive 0.3%. Most of the other German numbers were negative but the market did not...
The EUR/USD pair attempted to rally on Tuesday, but fell short and formed a shooting star. The shooting star suggests that perhaps we are going to try the uptrend line or bottom of the rising wedge over...
The USD/JPY pair had a bullish session on Monday, as the Yen sold off in general. The 78.75 level gave way, and as such we think that this pair will continue to rise over time. We have...
The GBP/USD pair had a bullish session on Thursday, but for the second day in a row failed to hang on to gains above the 1.57 level. This is two shooting stars in a row, and this...
The AUD/USD pair fell during the session on Tuesday, but managed to bounce back to hugging the 1.05 level. This suggests to us that perhaps there is support coming back into the marketplace, and as such we...
