The EUR/USD pair rose during the session on Friday as the “risk on” rally continue to take hold. One has to wonder whether this was Euro buying, or simply short covering, as the markets gave up quite...
The USD/JPY pair had a string session on Friday as it both fell, and then bounced to new highs for the week. The Indian candle was relatively neutral, but did have a green body. The most important...
The GBP/USD pair rose during the session on Friday as the 1.57 level was targeted yet again. The area continued to hold as resistance, and as a result the pair looks like it is still trying to...
The AUD/USD pair rose during the session on speculation of further easing by the central banks from both Europe and the United States. The liquidity injection will more than likely drive commodity price higher, and as such...
The USD/CAD pair fell during the Friday session as speculation that central banks will be flooding the markets with liquidity drove up demand for commodities on the whole. This of course favors oil, which of course favors...
Currency markets last Friday continued to digest Thursday’s statement from ECB President Draghi, trying to glean how markets will be influenced by such changes. No doubt rumours will continue to swirl until we get confirmation of the...
The aussie has been rising strongly in a possible ending-diagonal, which is a bearish indication. It is currently at a resistance level and there is even stronger resistance not much higher at the 1.0475 where a nexus...
The EUR/USD rallied up to a resistance level at the 1.2320 level and formed a double top reversal pattern on the hourly chart. It has now broken down and has re-entered the former rising channel. It will...
The US dollar gained slightly versus the Canadian dollar in yesterday’s American trading session as applications for jobless benefits dropped by 35,000 in the week ending July 21 to 353,000, data from the Labor Department showed.
European Central Bank chief Mario Draghi has pledged full support for Europe’s single currency, boosting stock markets and easing pressure on Spanish borrowing costs.
