The EUR/USD pair fell initially during the session on Wednesday, but as you can see found enough support in order to form a hammer. This hammer was pressing up against the downtrend line of a larger descending...
The AUD/USD pair fell during the session on Wednesday, but as you can see bounced enough to go back to the 0.90 handle. The resulting hammer suggests that the market is going to go higher from here,...
Bank of England Governor Mark Carney, the first non-English BoE Governor, gave his first quarterly inflation outlook today and took the opportunity to apply an unemployment threshold to the banks quantitative easing program. Carney stated that the...
The USD/JPY pair fell during the session on Tuesday, breaking below the 98 handle. However, you could plainly see that there is still plenty of support below that big figure, and as a result the market could...
USD/CAD pair rose during the session on Tuesday, but as you can see could not break above the 1.04 handle, which of course means that it will struggle to go higher. In fact, we still want to...
The GBP/USD pair tried to rally during the session on Tuesday, but as you can see failed. The resulting candle is a shooting star, NED is basically where we thought we would run into the first amount...
The EUR/USD pair rose during the session on Tuesday, but as you can see it still remains below the downtrend line that forms the greater descending triangle. Because of this, we are not buying this pair, but...
The AUD/USD pair rose during the session on Tuesday, slamming into the 0.90 handle. However, that area did offer enough resistance to keep the market down.
USD The US dollar lost ground to some of its counterparts in yesterday’s trading as risk sentiment seemed to improve and favor the higher-yielding currencies. As for economic data, the US ISM non-manufacturing PMI report came in...
The Reserve Bank of Australia cut interest rates by 0.25% during their monetary policy statement today and, judging from AUD/USD’s reaction, this was expected by most market participants.
