The German judges yesterday approved German participation in the ESM bailout fund, providing the Germans are responsible for no more than €190B. A number larger than the €190B would need to be approved by the Bundestag.
The EUR/USD pair rose again during the Wednesday session as the world awaits the Federal Reserve decision. This decision comes out later today, and it could provide more fuel for this rally. The 1.28 handle now looks...
The USD/JPY rallied a bit during the Wednesday session as the 78 handle was tested again. The fact that we have broken down through this massive support area is a bearish sign, and the fact that we...
The GBP/USD pair rose during the session on Wednesday as the rally continued. The 1.61 level offered resistance though, and we have formed a bit of a shooting star. We don’t think that any fall from this...
AUD/USD rose during the session to test the 1.05 handle, but failed in the end. By the end of the day, we saw a shooting star form, and it does look rather suspicious at this particular point...
The USD/CAD pair rose during the Wednesday session in order to form a complete turnaround of the selloff on Tuesday. Nonetheless, we are still under the 0.98 handle, and until we break well above that we still...
The US Dollar slipped across the board though with lesser momentum; with all eyes on the Fed policy today, the most of the major pairs are trading flat. Further direction may be established during American session.
The euro shot up to a fresh four-month high against the US dollar yesterday, following a German constitutional court ruling that supported the ECB’s plans to combat the euro-zone debt crisis. The court ruling also resulted in...
The aussie is still rallying and has just formed a continuation pattern which indicates a strong probability that it will rise further, with 1.0550 targeted first and then perhaps the most recent highs at 1.0610. The wave...
The Australian dollar is presumed to receive a lift today as the German Constitutional Court cleared the way for the European Stability Mechanism while the markets continue to expect the Federal Reserve to unveil further measures to...
