The USD/CAD pair rose during the session on Wednesday, but pulled back after the Federal Reserve minutes were released. In that release, it looks as if the Federal Reserve members are ready to ease monetary policy if...
The AUD/USD pair had a fairly bullish session on Wednesday, but did fail to close above the 1.05 level. This level continues to force the pair lower, but there is an up trending line that is below...
The GBP/USD pair had an extremely bullish session today as the 1.58 level finally gave way. We have now broken down, and should see much higher prices. In fact, we are aiming for the 1.63 level and...
The USD/JPY pair had a massive selloff during the session on Wednesday as the Federal Reserve released its minutes from last month’s meeting. The release had shown that several of the members were seriously considering further quantitative...
The EUR/USD pair broke through the 1.25 level on Wednesday after the Federal Reserve released minutes from the July meeting. This suggested that there were several people on the board that were willing to engage in monetary...
After hitting a seven-week high against the US dollar earlier in the week, the euro took moderate losses against several of its main currency rivals during the first part of the day yesterday.
The aussie has broken down through a major trend-line and then recovered. There is a strong possibility the up-trend will resume and return to the 1.0610 highs as the final fifth wave higher unfolds – a move...
The EUR/USD pair has pulled back and re-tested the neckline of the inverted H&S at 1.2440 and it will probably continue its rally from here, targeting 1.2550 first, which is the top of the channel, and then...
Speculations among investors regarding possible future action to lower borrowing costs in Spain and Italy yesterday caused the euro to spike against several of its main currency rivals. Today, traders will want to pay attention to several...
The EUR/USD pair had a very bullish session on Tuesday as more signs of hope entered the marketplace. However, hope typically gets squashed by someone in Europe, and we feel it is only a matter of time...
