Weak German and French economic fundamentals caused the decline of the Euro versus the British pound in the European trading exchanges yesterday. Industrial production in Germany fell in June, while France’s trade deficit widened in the same...
Technical analysis for 8.08
The euro remained bullish for most of the European session yesterday, as investor hopes that the European Central Bank will soon step in to lower borrowing costs in Italy and Spain helped boost risk appetite.
The EUR/USD pair tried to rally during the session on Tuesday, but only formed a shooting star suggesting that the buyers simply aren’t stepping in at this point in time. This makes sense, the European Union has...
The USD/JPY pair rose during the session on Tuesday, to show real strength off of the 78 handle yet again. It is below the 78 handle that we find the Bank of Japan, and more importantly any...
GBP/USD rose during the session on Tuesday as the bullish traders attempted to push the pair above the 1.57 level. The area has held as resistance yet again, but we should recognize the fact that the lows...
The AUD/USD pair managed to fall during the session on Tuesday, after initially surging higher. This shooting star shaped candle is a bit of a signal that perhaps a pullback should be coming.
The USD/CAD pair broke down during the session on Tuesday in order to finally get below the parity level. We are starting a get into the “meat” of the support below parity, but we think that this...
The USD/JPY is trading in a sideways range and there is a strong possibility it may continue. It is currently falling within this range and there is a strong possibility that if it breaks below the 76.4%...
The EUR/USD has pushed higher and it if moves above the 1.2442 highs again then it could rise further, targeting the monthly pivot at 1.2636. The inverted H&S at the lows on 4-hour chart increases the possibility...
