Economic news (26 March 2013) – The Australian dollar climbed to almost a two-month high against its US counterpart during yesterday’s trading, following the eagerly-anticipated Cyprus bailout deal. The Aussie managed to keep the gains accumulated last...
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GBP/USD’s recent rallies might be cut short this week as the pair is currently testing the former support zone around 1.5200 to 1.5250. This level has been broken in February when the BOE reiterated their willingness to...
The USD/JPY pair fell during the session on Monday, as the 95 level continued to offer resistance. In fact, we the market even fell below the 94 handle, but bounced back over that level by the end...
The USD/CAD pair fell during most of the session on Monday as the oil markets perked up slightly. However, by the end of the trading day most major oil markets gave back roughly half of the gains,...
The GBP/USD pair fell during the session on Monday as the “risk off” trade came back into play as the Cypriot bailout rattled the markets. The deal included wiping out equity holders of the banks in that...
The EUR/USD pair fell drastically during the session on Monday after initially trying to drive higher. Once the details of the Cypriot bailout hit the wires, people became very concerned as senior bondholders took a hit in...
The AUD/USD pair had a slightly positive session on Monday, but just barely so. The 1.0450 level is the top of the cluster that sits just above 1.04 previously, and because of this there should be a...
Where does the last-gasp Cyprus bailout terms leave the Euro in upcoming Forex trade?
There’s a falling trend line connecting the highs on EUR/USD’s 1-hour time frame and a test might be in the works for today. In addition, the gap from the previous weekend might get filled as it is...
