GBP/USD rose again on Thursday as the pair continues to try and break above the 1.60 resistance level. The pair is a risk-related pair, and tends to rise and fall with the stock markets around the world.
USD/CAD continued its grind lower on Thursday as the pair fell below the 0.9850 level for the first time in months. The candles over the last three days have all been red, and they look fairly weak...
USD/CHF rose during the Thursday session as the run to the Dollar continues. The 0.90 level now looks fairly supportive, and it is probably only a matter of time before this pair gains a bit of traction.
USD/JPY fell a bit during the session on Thursday as the pair continues to consolidate above the all-important 80 level. The pair is being supported by the Bank of Japan in several different ways at the moment,...
The USD/CAD pair fell during the session as the markets originally ran away from the US dollar. However, the “risk off” trade came back into play towards the end of the session, and the market bounced quite...
The AUD/USD pair initially rose well above the 1.08 level on Wednesday as the flag we have been watching got violated. However, by the end of the session, these gains were lost and more, to form a...
The USD/CHF pair took off Wednesday during the session as the failure of Ben Bernanke to mention another round of quantitative easing got the markets a little bit spooked.
GBP/USD rose during the session to the 1.60 level as an official from the Bank of England suggested that further quantitative easing may not be necessary. This of course was positive for the Pound, and this pair...
USD/JPY rose again on Wednesday as the Dollar gained against most currencies. The “risk off” trade came into play in full force after several central banks essentially said there may be less quantitative easing than expected.
The EUR/USD pair essentially fell off of a cliff on Wednesday as the Federal Reserve Chairman rocked the markets by not suggesting any form of quantitative easing during his congressional question and answer session.
