Continued inaction on the part of the European Central Bank to lower borrowing costs in Spain and Italy weighed down on the euro throughout the day yesterday. The news, combined with positive US data also helped the...
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
There has been a steady barrage of conflicting information about the euro during the past week. The euro market was deflated after the ECB President Draghi’s press conference, but quickly reversed once Spain announced there was a...
In the reporting period ended on July 1st, the aggregate net USD long was reduced by 89.4K contracts, approximately about one third of the previous total long. With the total USD long down to 174,734 contracts, this...
The euro took losses against several of its main currency rivals yesterday, after worse than expected economic data out of Germany led to risk aversion in the marketplace.
The EUR/USD pair fell during the session on Wednesday but bounced enough to form a hammer. The 1.23 level looks as if it’s acting as support currently, and as such we think that a break down below...
The USD/JPY pair had a relatively bearish session on Wednesday as it fell to the 78.20 level, but managed to bounce after that in order to form a hammer. This market still looks supported by the 78...
GBP/USD rose during the session on Wednesday in an attempt to break above the shooting star from the Tuesday session. Considering that there was little news to move the markets overall, it should be said that this...
The AUD/USD pair managed to bounce during the Wednesday session, even with an employment number coming out this morning. Normally markets will be risk averse in these situations, but the belief that the Federal Reserve is about...
USD/CAD fell during the session on Wednesday as the parity level has all but given up at this point. The move continues to extend itself, and we’re now well below the bottom of the downtrend channel suggesting...
