A worse than expected German Ifo Business Climate indicator yesterday resulted in risk aversion among investors which caused the euro to extend its recent bearish trend. The news also weighed down on commodities, including crude oil which...
COT (Commitment of Traders) COT Report, 18 September 2012. Mention quantitative easing and currency speculators behave like wild packs of Pavlov’s dogs, rushing to get loaded on the long side of the commodity currencies.
The Euro held on to losses versus the British pound in yesterday’s trading exchanges following a report on German Ifo Business Climate, which showed a fifth consecutive drop of the index in September.
The USD/JPY pair fell during the session on Monday in order to break down through the 78 handle again. This is another test of the resolve out of Tokyo by the Bank of Japan, and as such...
The USD/CAD pair rose during the session on Monday to pierce the 0.98 handle, but fell back in order to form a shooting star just below it. This market broke down at the 0.98 handle, and we...
The GBP/USD pair fell during the session on Monday, but bounced in order to form a hammer just above the 1.62 level again. This level looks like is acting as significant support, and as such we think...
The EUR/USD pair fell during the session on Monday as the pair continues to grind away below the 1.30 level. However, we do get a little bit of supportive action 1.29, and it looks like any move...
The AUD/USD pair fell during the Monday session as the “risk off” attitude of traders affected commodity prices. However, the 1.04 level offered support again in this pair, and it does suggest that perhaps there is quite...
Non eventful day contributed to dull trading in most of the FX Pairs. The Dollar Index is trading flat at 79.55 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the...
EUR-USD Weekly chart Last Weekly review The price has broken the 1.2580 resistance level in addition to the upper lip of the descending price channel (red broken lines), the price has done that with a significant green...
