GBP/USD rose during the session as the “risk on” trade came back into play. The trading community reached for anything risk related, and this had a lot of the higher beta pairs gaining, this one included.
The AUD/USD pair absolutely exploded during the Friday session as the word got out that the European Union came up with a possible workaround for the Spanish and Italian bond markets.
The USD/CAD pair fell hard during the Friday session as the oil markets absolutely spiked in reaction to the European Union meeting and its announcement.
USD/JPY fell on Thursday session, but recouped much of its losses. The resulting candle was a hammer, and it does look like we are starting to see some significant support at the 79.50 level. Below this area...
The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of...
GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in...
The EUR/USD pair fell during the Thursday session, but found a bid again late in the day as traders weren’t ready to take on a lot of risk in one direction or another before the EU meetings....
The AUD/USD pair fell for most of the session after an initial spike. The candle from Thursday looks a bit like a long legged doji and suggests that there is a bit of confusion in the markets....
The euro tumbled to a three-week low against both the US dollar and Japanese yen yesterday, following an Italian bond auction and general pessimism regarding an EU summit. While crude oil saw gains early in the day,...
The EUR/USD pair had another slightly bearish session on Wednesday as the markets prepare for the European Union’s summit over the next 48 hours. The market is currently thinking that this will be yet another disappointment, and...
