The EUR/USD pair spiked originally during the session on Tuesday as traders reacted to the fact that the Italians actually managed to get their bond auction off. However, they are now paying almost 8% for the 10...
GBP/USD rose on Tuesday as the “risk on” trade came back into vogue. The pair rose above the 1.56 level, and looks like it wants to build on those gains as the shooting star from Monday was...
The USD/CAD pair fell on Tuesday and even managed to pierce the 1.03 support level before bouncing to sit right on it at the end of the session. The resulting daily candle looks very much like a...
USD/CHF fell during the Tuesday session as the Dollar lost ground against many of the other currencies around the world. The safety trade was off on hopes of a bailout coming to the EU via the IMF,...
The USD/JPY pair fell during the Tuesday session as the recent surge ran into the 78.50 resistance area. The pair is undoubtedly in a downtrend, and this looks to remain the case until we can get over...
Today the demand for the Government bonds of European countries showed a significant increase.
The USD came off its highs yesterday versus the majors after reports in the Italian press that the International Monetary Fund (IMF) will be providing aid to Italy. These reports subsequently proved to be false.
Market review for 21 – 25.11, 2011
Germany’s failed bund auction shows the European debt crisis has made its way to the core of Europe.
The AUD/USD pair attempted a rally on Friday only to fail and print a second shooting star in a row. Both of these are at the bottom of a fall, and this shows that the pair may...
