The USD/JPY pair rose on Thursday as traders heard remarks out of the Bank of Japan suggesting that the current exchange rate does not reflect fundamentals. The BoJ has a long history of intervention, and as such...
The AUD/USD pair rose on Wednesday and shows signs of wanting to break to new levels. The recent high at 1.08 held during the session, but it must be said that the candle for the day is...
The EUR/USD pair rose on Wednesday as the Fed Chairman, Ben Bernanke, testified before the US Congress and stated that QE3 wasn’t ruled out. In fact, most traders seem to think this was a laying of groundwork...
The GBP/USD pair rose rapidly on Wednesday as it was suggested by Ben Bernanke that possible quantitative easing is in the cards in front of Congress. Because of this, the USD sold off against almost everything in...
The USD/CAD pair fell hard again on Wednesday as the trading world sold off the USD in general after Chairman Bernanke suggested that another round of easing is still possible by the Fed. The pair will look...
The USD/CHF finally broke below the 0.83 area as traders sold off the USD against most currency pairs. The CHF is presently enjoying a general consensus that the world loves the Franc. The pair continues its bearish...
USD/JPY fell again on Wednesday as the Federal Reserve Chairman suggested in front of the US Congress that further quantitative easing may be in the cards. The pair is well below the all-important 80 level, and now...
The USD/CHF pair fell on Tuesday, but remains stuck in the recent consolidation range between 0.85 and 0.83. The pair looks weak, and has been in a downtrend for years, but a sell at this level could...
The USD/JPY pair fell on Tuesday as traders bought the Yen across the board. With the jitters coming out of Europe, there is a real possibility that we could see a serious down move at any moment....
EUR/USD fell on Tuesday, breaking below the 1.40 and even going as low as 1.3825 or so. However, there was a wicked bounce, and the result is a hammer. The level 200 day moving average is also...
