The euro was able to stage an upward correction against several of its main currency rivals yesterday, as hopes that a deal would soon be reached to provide Greece with a new round of bailout funds.
The Greenback traded mixed against the four FX majors, wherein it has depreciated against the Euro, the Swiss Franc and the GBP whereas the Yen continued to depreciate against the USD.
The USD/JPY pair shot straight up during the session on Wednesday as we Yen continues to weaken across the board. This pair looks like it’s heading directly to the 84 handle, and the move has been significant...
USD/CAD fell during the session on Wednesday after initially gaining. The market did very little in the end though, and this makes sense as most traders in North America are more interested in the Thanksgiving holiday than...
The GBP/USD pair rose during the session as the “risk on trade came back into play. The 200 day simple moving average continues to offer support, and the candle for the Wednesday session is a hammer.
The EUR/USD pair fell during the Wednesday trading session in order to test the 200 day simple moving average again. This also reaffirmed the supportive nature of the 1.27 to 1.28 support zone.
The AUD/USD pair fell during the session on Wednesday as we continue to hover just below the 1.04 level. We see this area as significant resistance, and as such think that this pair will struggle to go...
Once again the Euro finance ministers assembled for another meeting in Brussels to discuss the Greek bailout. German Finance Minister Wolfang Schaueble, asked if there would be a new programme for Greece: “I said we have a...
The Euro rose versus the Great British pound in yesterday’s European trading exchanges amidst lengthy discussions of the European finance leaders on how to restructure Greece’s debt.
Market review for 20.11.12: The Bank of Japan decided to keep the volume of purchases of assets on the same 66 trillion Yen level.
