The USD/JPY pair had a bullish session on Friday as the US employment numbers came out at 165,000 jobs added for last month. The pair did Spike above the 78.60 level that we have been watching as...
The GBP/USD pair shot straight up like a rocket during the Friday session after the nonfarm payroll numbers came out. It had already been positive for the session, but the jobs situation in the United States only...
The AUD/USD pair shot straight up after the mildly bullish European session, and then especially so after the extremely strong US jobs number. The surprise to the upside got everybody in the markets in the “risk on”...
The USD/CAD pair fell during the Friday session as the parity level was pierced. However, by the end of the session we saw parity hold in this suggests that perhaps we are ready for a bounce.
The pound is still consolidating and moving broadly sideways. Yesterday’s spike-down means the exchange rate has hit its range lows. It is currently beginning a recovery rally although the 50-day MA is resisting. A move above 1.5620...
Market review for 02.08.12: Markets were disappointed with the results of the ECB meeting.
Eurodollar is currently recovering after yesterday’s spike lower. It has formed an ABC correction and reached the lower boundary of the consolidation zone which will probably resist and push the pair back down again. If it breaks...
Under pressure to save the Euro, the European Central Bank is gearing up to buy Italian and Spanish government bonds in the open market – but not yet. ECB President Mario Draghi said it will only act...
The euro tumbled against virtually all of its main currency rivals yesterday afternoon, after the ECB refrained from announcing any new significant new measures to boost euro-zone growth. The news led to risk aversion in the marketplace,...
The USD/JPY pair fell during the session on Thursday as the “risk off” trade came back into play. This was predicated by the ECB and its lack of monetary policy after the meeting. However, this pair is...
