The euro rallied against most of its main currency rivals throughout the day yesterday, after an increase in investor risk taking due to better than forecasted news out of Spain and a positive Italian bond auction.
The USD traded weak against most of the FX majors on the event of lack luster trading yesterday. The Dollar Index is trading at 80.00, near the upper boundary of the range bound trading pattern observed since...
The USD/JPY pair fell after initially rising during the Tuesday session. The resulting candle was a shooting star, and this does look like we are getting ready to can continue with the downward pressure that we solve...
The USD/CAD pair rose during the session on Tuesday, but failed to stay above the parity level. As such, it looks like parity will continue to push prices down, and the shooting star suggests that we are...
The GBP/USD pair fell during the balance of the Tuesday session, but got a significant bounce from the 1.60 handle in order to form a wicked looking hammer. This has been a very bullish market in the...
The EUR/USD pair fell during the initial part of the Tuesday session, but bounced yet again in order to form a hammer. Looking at this chart, it becomes obvious that we are forming higher lows along the...
The AUD/USD pair fell during the beginning of the Tuesday session, but bounced in order to form a hammer. This suggests that we are seeing a build up the pressure against the 1.04 level, and as such...
A lack of significant international news yesterday, combined with concerns regarding a hurricane set to hit the United States resulted in low volatility in the marketplace.
In the previous European trading exchanges, the Euro gained versus the Great British pound as Bank of England Deputy Governor Charles Bean appeared to have dampened optimism towards the UK economy when he warned against being too...
EURGBP. We had some interesting economic numbers released last week. Perhaps overlooked was the European M3 money supply report. This is the broadest measurement of the money supply and the quarterly and yearly growth numbers were both...
