Speculations among investors regarding possible future action to lower borrowing costs in Spain and Italy yesterday caused the euro to spike against several of its main currency rivals. Today, traders will want to pay attention to several...
The EUR/USD pair had a very bullish session on Tuesday as more signs of hope entered the marketplace. However, hope typically gets squashed by someone in Europe, and we feel it is only a matter of time...
The USD/JPY pair initially had a bullish session on Tuesday, but gave up quite a bit of the gains as the market churned within the 79-80 resistance zone. The area looks ripe for a pullback, and this...
The GBP/USD pair had an extraordinary day on Tuesday as it finally broke above the recent resistance level. However, the market is resistive all the way to the 1.58 handle, and we did not manage to close...
The AUD/USD pair had a bullish session during the Tuesday trading hours, but did manage to fail at the 1.05 level again. This is odd as it was an area that caused massive resistance almost 3 weeks...
The USD/CAD pair fell below the recent lows on Tuesday, but bounced in order to form a hammer just below the 0.99 level. This pair does look like it’s ready for a bounce of sorts, and we...
Eurodollar has broken above the 1.2385 highs and will probably now run all the way up to the 1.2440 level, although there may be a short pull-back to the support line at 1.2380 first. It is possible...
In the day’s exchanges of the NZD/USD, the New Zealand dollar is hoped to break out of its consolidation channel and make gains opposite the US dollar. The Kiwi currency looks to take advantage of economic releases...
Trends in the currency futures continue uninterrupted. For the past several weeks there has been spec-buying in the so called ‘commodity currencies’ versus sales of the USD.
The EUR/USD pair had a back-and-forth session during the Monday trading day, to in the session and basically unchanged. The candle is very neutral, and sitting on an uptrend line from the rising wedge that we’ve been...
