The USD/CAD pair fell initially during the Thursday session as the trading world believed Ben Bernanke would deliver some kind of message of further quantitative easing to the Congress, but “Uncle Ben” finally spoke up for the...
The GBP/USD pair initially spiked during the Thursday session as the “risk on” trade came back into the fray. However, by the end of the day we had given up quite a bit of ground and the...
The EUR/USD pair tried to rally for the session on Thursday as the markets expected Ben Bernanke to talk about stimulus in front of the Congress. The fact is that he didn’t explicitly say so, and even...
The AUD/USD pair initially spiked during the session on Thursday as the “hopium rally” started back up. The market looks as if it expected that the Fed Chairman would start to talk about easing during his testimony...
After being away from the daily skirmishes in the currency wars for over a week, there is always apprehension about your return. Might there possibly be a new set of drivers in these markets, drivers that will...
The euro saw moderate losses in mid-day trading yesterday, as investors remain concerned about Spanish debt and its possible effect on other countries in the region. Following the ECB’s decision to leave euro-zone interest rates at 1.00%,...
The EUR/USD pair rose during the session on Wednesday as the 1.25 level gave way as resistance. The pair is getting a boost by the potential easing out of the Fed, and the fact that the ECB...
The USD/JPY pair gained for the third session in a row on Wednesday as the “risk on” trade came back into vogue. The Bank of Japan has been jawboning the value of the Yen down again, and...
The GBP/USD pair managed to bounce hard finally on the session as the hammer from the previous Friday finally trigger buy orders. The pair is a risk sensitive one, and as a result we think that this...
AUD/USD rose during the session on Wednesday as all risk related pairs did. The open speculation now is that the Federal Reserve will ease again because of the poor jobs number. Also, with the situation in Europe...
