The GBP/USD pair rose during the session as the “risk on trade came back into play. The 200 day simple moving average continues to offer support, and the candle for the Wednesday session is a hammer.
The EUR/USD pair fell during the Wednesday trading session in order to test the 200 day simple moving average again. This also reaffirmed the supportive nature of the 1.27 to 1.28 support zone.
The AUD/USD pair fell during the session on Wednesday as we continue to hover just below the 1.04 level. We see this area as significant resistance, and as such think that this pair will struggle to go...
Once again the Euro finance ministers assembled for another meeting in Brussels to discuss the Greek bailout. German Finance Minister Wolfang Schaueble, asked if there would be a new programme for Greece: “I said we have a...
The Euro rose versus the Great British pound in yesterday’s European trading exchanges amidst lengthy discussions of the European finance leaders on how to restructure Greece’s debt.
Market review for 20.11.12: The Bank of Japan decided to keep the volume of purchases of assets on the same 66 trillion Yen level.
The USD/JPY shot up to a fresh seven-month high during afternoon trading yesterday, as speculations regarding the outcome of upcoming Japanese elections caused investors to shift their funds away from the yen.
The Dollar Index is trading at 81.25 ranges still hovering around the short term resistance of 81.00-81.20 from where it sold off during September last.
The USD/JPY pair continued to grind higher on Tuesday, as the Bank of Japan works its way against the Yen. The marketplace should continue to grind higher, but we have seen a significant move in a short...
The USD/CAD pair did very little during the session on Tuesday as we continue to consolidate between the parity and 0.99 levels. We currently sit just below the 200 day exponential moving average, and as such there...
