GBP/USD rose during the session on Wednesday as the 1.58 level gave way. However, the 1.59 held and has pushed the pair back significantly. This recent thrust has been very positive, and a break of 1.58 is...
USD/JPY fell again on Wednesday as traders continue to press their luck against the Bank of Japan and its desire to keep this cross rate higher. The resulting bounce in the late hours of the session saw...
EUR/USD rose for most of the session as the Euro gained against the Dollar in a Fed-induced selloff. The extension of ultra low interest rates has the Dollar on the back foot, and as a result the...
USD/CAD fell on Wednesday, and even managed to get below the parity level. However, the market couldn’t maintain a break below the bottom of the Tuesday hammer, and as a result hasn’t really resolved much.
AUD/USD continued to rise in value on Wednesday as traders pile into the commodity currencies as a whole. The Aussie is also enjoying the benefits of being highly correlated to gold as well, and as that market...
USD/CHF fell for the Wednesday session as the Dollar got hit again. However, the 0.91 level came into play, and held up as support again. The area actually extends down to the 0.90 figure, and as a...
USD/CAD fell for most of the session on Tuesday, but bounced later in the session to close above the all-important parity level. The pair will continue to be held hostage by the oil markets, and as a...
AUD/USD climbed again on Tuesday, but gave much of the gains back. As a matter of fact, the pair ended the day by forming a shooting star. However, there is a fairly significant hammer on Monday supporting...
USD/CHF fell for the first half of the session on Tuesday only to bounce later in the day to form a hammer just above the 0.91 – 0.90 support area. The pair is certainly benefitting from the...
GBP/USD had a strong day on Tuesday as it continued its bullish run of late. The market is certainly dumping the Dollar in this pair, and the push to the 1.58 level was a good sign of...
