Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
Quite trading session was witnessed in the FX market where in the USD remained flat by the end of New York close. It seems that the all the eyes are Euro Zone debt crisis and the US...
News of debt contagion spreading across the euro zone has several economists worried that a toppling of consumer confidence may be up next, followed by additional ratings downgrades that lead into an ever deepening spiral of debt...
AUD/USD fell on Monday as the markets around the world fell and risk was shunned. The latter hours of the day saw buyers coming into the pair to support it, just as they have for quite some...
EUR/USD had another bearish day on Monday, as the world sold off the Euro. However, as the Americans do on almost every day, they bought up the Euro, and seem to be the only ones supporting it...
The GBP/USD pair fell on Monday as traders shed risk and rushed for safe haven assets like the USD. The pair bounced off of the 1.60 level, but appears that it will attempt to finish near it...
USD/CAD rose on Monday, but fell a bit during the late hours of the session. The pair is still in a bearish run, and looks set to go lower before it is all said and done. The...
The USD/CHF pair rose on Monday, after gapping lower at the open. The pair is most decidedly bearish, but this move may lead the way to a bounce of sorts in the market. Any serious trader knows...
The USD/JPY had a fairly quiet day on Monday as traders sold risk, but did not get involved in this pair. The prevailing consensus is that the central banks are obviously watching this pair intently, and as...
We continue to see additional pressure on this pair going forward after a new fail on top of the daily range from last week.
