The USD/CAD pair rose on Monday as the commodity markets sold off due to risk issues in the EU. The market continues to consolidate in the parity to 1.03 levels with a particularly strong interest in the...
AUD/USD fell on the Monday session as risk assets sold off around the globe. The pair is highly sensitive to this kind of fear, and sold hard as a result. The parity level below looks very supportive,...
The GBP/USD pair fell hard during the Monday session to retest the lows of the recent consolidation that the market has been stuck in. The 1.5875 area seems to be a bit of a floor, so supportive...
EUR/USD fell on Monday as traders continue to sell off the Euro in general. The EU has massive and well-known debt issues, and the Italian bond auction for the 5 year note went poorly for the session....
USD/CHF rose during the Monday session as the world bought the US Dollar in general to avoid risk. The situation in Europe is still far from resolved, and the Franc is being worked against by the Swiss...
The USD/JPY fell during the session on Monday, but managed a bounce late in the session to form a hammer at the 77 handle. Because of this, it looks like it may want to bounce, and a...
The rebound the EUR received late last week was short lived after Italian and Spanish bond yields moved higher. Today the economic calendar is filled with important economic data points from Europe, the UK, and the US,...
Dollar index recovers from the short-term support of 76.70, resulting in profit taking in most of the asset classes. Short-term trend is range between 77.80 and 76.40 where as the medium-term trend is range bound between 78.90...
Greetings. Let’s take a look at the GBP/JPY hourly chart. Look for a potential continuation of the downtrend to the 120.00 level and below. If we see a nice break of this level, we could see a...
Talk of a Greek exit from the EMU may have gone overboard. The new Greek Prime Minister Lucas Papademos has promised to carry out all of Greece’s obligations to receive European bailout funds. This may help to...
