Market review for 14.08.12: The reports for German and French economical data were quite positive. Asian and European trading sessions:
The AUD/USD pair fell during the session on Tuesday, but managed to bounce back to hugging the 1.05 level. This suggests to us that perhaps there is support coming back into the marketplace, and as such we...
Market review for 13.08.12: The Euro substantially grew on the results of the auctions for the Germany and Italy bonds.
The AUD/USD pair fell during the Monday session and managed to bounce off of the 1.05 support level yet again. This doesn’t seem like much to us, and as such we treated more or less as consolidation...
Market review for 6 – 10.08.2012
The AUD/USD pair fell for much of the session on Friday only to bounce back off of the 1.05 level and form a hammer. This shows continued resilience on the part of the Australian dollar, and as...
AUDUSD’s upward movement from 0.9581 extends to as high as 1.0612. Further rise is still possible after a minor consolidation, and next target would be at 1.0700 area. Support is at the uptrend line on daily chart,...
The AUD/USD pair rose again during the Thursday session, but gave back over half of its gains in order to form a shooting star. While this normally would have us thinking of a short position in the...
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
The AUD/USD pair managed to bounce during the Wednesday session, even with an employment number coming out this morning. Normally markets will be risk averse in these situations, but the belief that the Federal Reserve is about...