As they say “hindsight is always 20/20.” Last Friday’s rally in the euro was meant to be sold, but initiating a new position on a Friday can be intimidating. The trade late Friday can always be interesting.
The euro was able to stage an upward correction against most of its main currency rivals yesterday, following the release of a better than expected Spanish Services PMI which renewed confidence in the strength of the euro-zone...
The USD/JPY pair had an outstanding day on Tuesday, as we not only got back all the losses for Monday, but we also managed to break the top of that day’s range. With this being the case,...
The USD/CAD pair had a negative session on Tuesday, almost erasing the gains from Monday. However, we sit just above a significant amount of support, and as a result we don’t see a clear path lower.
The GBP/USD pair fell again during the session on Tuesday, after initially trying to breakout and above the 1.58 handle. The reverse was pretty wicked, and as a result the candle looks absolutely horrible.
The EUR/USD pair dipped below the 1.35 handle during the session on Tuesday, but bounced back in order to close just under 1.36 as the buyers stepped in and defended the 1.35 handle after all.
The AUD/USD pair fell during the session on Tuesday, closing underneath the 1.04 level again. However, we did start to see a bounce in the pair at the same levels we have seen over the last couple...
Market Commentary The US Dollar traded mixed wherein it traded flat against the Euro and the Swiss Franc whereas the British Pound, the Aussie Dollar and the Japanese Yen continued to stumble. Though mild correction was witnessed...
The euro reversed some of its recent gains throughout yesterday’s trading session, as investors eagerly await the outcome of a European Central Bank (ECB) meeting later this week. Additionally, a report indicating an increase in Spanish unemployment...
The USD/JPY pair fell during the session on Monday, after initially breaking higher. The pair is overextended by anybody’s measure at this point in time, so a pullback really isn’t too far out of the normal stretch...
