Eurozone governments, always searching for new revenue sources, think a trading tax on financial transactions might be just the answer. Finance minister Germany, France, Italy and Spain as well as seven smaller countries voted for this tax.
A significantly better than expected British Claimant Count Change figure encouraged investors to shift their funds to higher-yielding assets during European trading yesterday. As a result, currencies like the euro and British pound saw upward movement throughout...
The USD/JPY pair fell during most of the session on Wednesday, but bounced back in order to form a hammer. This hammer is focused around the 88.50 level, which of course is where last week’s hammer focused...
The USD/CAD pair shot straight up during the session on Wednesday after the Bank of Canada it a let it be known that interest rates would be on hold longer than expected during their interest rate announcement.
The GBP/USD pair went back and forth wildly on Wednesday just as it had on both Monday and Tuesday. Looking at this, we suspect that the 1.58 level is trying to hold a support, after a significant...
EUR/USD went back and forth during the session on Wednesday a very similar manner as to how I did it on Tuesday. Because of this, the market does look very confused and like it wants to grind...
The AUD/USD pair fell during most of the session on Wednesday, but bounced that the 1.0530 level in order to form a bit of a hammer. With this being said, it does look like a market that’s...
After failing to surpass the 1.0500 mark and falling 53 pips in earlier exchanges, the Aussie-Loonie pair is making another hike. The Canadian dollar is projected to pare earlier gains from its Australian counterpart as investor sentiment...
The yen saw significant gains against both the euro and US dollar throughout yesterday’s trading session, after the Bank of Japan announced that their measures to increase inflation were not quite as strong as forecasted.
The USD/JPY pair fell during the session on Tuesday, after the Bank of Japan announced its plans for monetary easing. It wasn’t really a matter of being disappointed, more of a “sell on the news” type of...
