AUD/USD rose on Wednesday after printing a hammer on Tuesday to show support again. The Aussie is a “risk on” currency, and with each rumor that looks like the EU will get some kind of relief, this...
USD/CHF continues to tread water under the all-important 0.93 level as the market dynamics are pushing people away from risk, and into safety overall.
The GBP/USD pair rose quite strongly on Wednesday as traders rallied the Pound in general. The move to just above 1.57 is the 5th attempt to break above it lately, but each time it gets this high...
USD/JPY had a fairly quiet day, albeit negative on Wednesday. The pair continues to grind lower every time it rises, and this latest sequence of trading days does nothing to suggest this will change anytime soon.
The EUR/USD pair continues to tread water just under the 1.35 level as the markets are patiently waiting on the result out of the EU summit. The Wednesday action ended up unchanged after going back and forth...
Greetings. Let’s take a look at the EUR/USD chart. It seems we’re still in the process of forming a Contracting Triangle and we may see this contracting triangle continue to unravel until shortly before the new year...
The Dollar Index (December basis) is trading flat with 77.80 acting as important support on the event of flat to weaker trading in most of the asset classes especially the benchmark equity index of the Dow Industrials....
Market participants’ expectations for upcoming EU economic summit supported the Euro.
The most recent CFCT IMM data shows EUR non-commercial traders have their largest short position built in the futures market since June of last year.
USD/JPY had a negative session on Tuesday as traders continue to fade rallies in this pair. The 78 level continues to show itself to be resistive, as even the interventions can’t overcome it for any real length...
