The euro took losses against several of its main currency rivals yesterday, following the release of worse than expected EU retail sales and German factory orders data. The news also led to bearish movement for other riskier...
The USD/JPY pair attempted to rally during the session on Tuesday, but fell flat as we ended the day negative. The candle that formed was a shooting star, and as a result it looks as if the...
USD/CAD went back and forth during the Tuesday session as we continue to tread water in the vicinity of 0.9850 or so. This pair has been rather choppy lately, and as a result it has been very...
The GBP/USD pair fell during the session on Tuesday, but still remains above the vital 1.60 support level. Because of this, we think this pair still has a strong chance of going higher, and we are not...
The EUR/USD pair fell during the session on Tuesday, as we approach the 1.3150 resistance area. However, we did get a little bit of a bounce towards the end of the day and some of the losses...
The AUD/USD pair fell during the session on Tuesday as the 1.05 level proved a bit too rich at first. However, this level has offered support for the buyers, and we now are over it.
The Euro is foreseen to gain opposite the US dollar today as optimistic comments by European Commission President Jose Manuel Barroso are likely to append optimism that the worst is over for the Euro Zone.
Speculations that the European Central Bank (ECB) is considering cutting euro-zone interest rates in the near future turned the EUR/USD moderately bearish during mid-day trading yesterday.
The USD/JPY pair fell during the session on Monday as the 88 handle proves to be far too resistive. However, we are still very bullish of this marketplace, and recognize the fact that a pullback is not...
The USD/CAD currency pair initially tried to rally during the Monday session, but failed and formed a shooting star. This looks like a market that’s trying to continue lower and interestingly enough the oil markets will go...
