Comments from an EU finance minister earlier this week, in which he said that the euro’s recent bullish movement is threatening to hurt exports in the region, continued to weigh down on the EUR/USD yesterday.
The USD/JPY pair fell during the session on Wednesday, but found enough support in the 87.25 range to bounce enough to form a nice-looking hammer. This hammer sits just on top of a recent swing high, so...
The USD/CAD pair gained during the session on Wednesday as the “risk off” rally came into play. However, we are still under significant downward pressure, and as you can see just below the 0.99 handle we see...
The GBP/USD pair fell hard during the session on Wednesday as the World Bank downgraded its outlook for the British economy. However, the 1.60 handle offered support as we would expect, and as a result not much...
The EUR/USD pair fell during the session on Wednesday as the bearishness continued in the Euro. However, we are starting find support just below the 1.33 handle, and as a result it looks like the buyers may...
The AUD/USD pair fell during the session on Wednesday, but bounced significantly from the 1.0525 area in order to form a hammer for the second day in a row. This market looks like it wants to breakout...
The euro, along with other higher-yielding currencies, turned bearish yesterday, as fears regarding the slow pace of the US economic recovery encouraged investors to shift their funds to safe-haven assets.
The USD/JPY pair fell during the session on Tuesday as the 90 handle becomes far too rich for the buyers to break through. We believe that eventually will be overcome, but in all honesty we have risen...
The USD/CAD pair rose during the session on Tuesday, but ran into the same trouble it ran into on Monday. We essentially printed the same candle as well, and as a result it looks like the upside...
GBP/USD fell during the session on Tuesday, but in reality the slightly negative candle could be looked at as nothing more than a neutral session. We are still above the 1.60 support level; it is a result...
