The USD/CAD pair gained for the session on Thursday as the “risk off trade came back into play. However, we see the 1.0150 level as resistive, and also recognize the fact that we are in a down...
The GBP/USD pair fell drastically after initially gaining during the Thursday session. In fact, the pair had a raced roughly 75 pips ahead of the ECB meeting. Once the ECB and the Bank of England both got...
The EUR/USD looks absolutely horrible after the action on Thursday. We initially had a Spike all the way to 1.24 levels, only to be reversed by the end of the day to close below the 1.22 handle....
The AUD/USD pair spiked initially during the Thursday session, only to turn around after the ECB disappointed markets. The “risk off trade” had the Australian dollar selling off, and we have formed a shooting star for the...
The US dollar is forecasted to pare yesterday’s gains from the higher-yielding Australian currency as investors appear to be intent to take on risk. With the European Central Bank planning concerted action with Euro Zone countries to...
After roughly a week of anticipation, the Fed gave the markets nothing new.
The outlook for the aussie is looking more bearish: there is a a possible outside bar reversal forming on the daily chart, although the volume is quite low, nevertheless it is a bearish sign. Resistance at the...
The EUR/GBP exchange rate has been rising since it made new lows in July. It has now found resistance from the top of the rising channel and a monthly pivot, and has formed a shooting-star candlestick on...
Market review for 01.08.12: The Fed of U.S. did not announced any new steps for supporting the National economy.
USD The dollar recovered strongly following the FOMC meeting on Wednesday at which the Fed kept monetary policy unchanged. The message on QE3 seemed to be that it would only be used in a recession. The Fed...
