The anticipation of a Spanish bailout affected all major currencies and pairs yesterday. While a request for a bailout by Spain could see a short-term rally in the euro, there is some resistance to it in the...
The Dollar traded flat against the major pairs of the Euro and the Cable but has appreciated by more than 100 pips against the Aussie on the event of profit taking witnessed on most of the asset...
In yesterday’s European trading session, the Euro gained versus the British pound after construction activity in the UK in September remained in the contraction territory, with output and new business levels declined since the previous month, according...
The USD/JPY pair rose during the session on Tuesday as the 78 handle gave way. This suggests to us that we may see a move up to the 79 handle, but the length of the candle wasn’t...
The USD/CAD currency pair rose during the session on Tuesday as the 0.98 handle again acted supportive. We still believe that this pair will tread water between the 0.98 and 0.9850 levels, and as such we are...
The GBP/USD rose during the session on Tuesday, but gave back all of those gains in order to form a shooting star. This is the second shooting star in a row, and this of course suggests to...
The EUR/USD pair rose during the session on Tuesday, but gave back much of the gains in order to form a shooting star. We remain firmly under the 1.30 level, and this should signal that a real...
The AUD/USD pair fell significantly during the trading session on Tuesday as the Reserve Bank of Australia cut rates in the middle of the night. While the general thought was that the RBA would have to cut...
The New Zealand dollar is deemed to continue its decline opposite the US dollar today as continued uncertainty over the Spanish debt situation and a dovish outlook for Australia are apt to weaken its appeal.
After climbing to 49.5 points in August, manufacturing activity in the UK contracted more than economic projections, falling to 48.4 points in September. As a result, the Great British pound suffered against the Euro in the previous...
