The GBP/USD pair fell and broke down below the 1.58 handle during the session on Thursday. However, we get a bit of a bounce later in the session and form to something that looked a bit like...
The EUR/USD pair shot straight up during the session on Thursday as the Euro gained against pretty much everything. However, we are still within the consolidation area that is bordered by 1.34 and 1.3250, and as such...
The AUD/USD pair fell apart during the session on Thursday as the 1.05 handle gave way as support. This pair has been consolidating for quite some time, and the action for Thursday would have been a bit...
Economic news The yen falls, following China’s strong PMI data The Japanese currency continues to be in the spotlight on the Forex markets and the country’s new government is taking various steps in its efforts to tackle...
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...
