AUD/USD got absolutely hammered on Monday as traders sold off most commodities. With the backdrop of a weakening EU and Chinese growth seemingly slowing down – the commodities markets got hit hard during the session.
The USD/CHF pair skyrocketed through the 0.93 level on Monday as the “risk off” trade crushed the Euro, and caused a run to the Dollar. The Swiss National Bank is willing to fight Franc appreciation, and the...
GBP/USD fell hard on Monday as the markets continue to trade with a “risk off” attitude. The crisis in the EU continues to weigh upon any currency that is farther out on the risk spectrum, and with...
USD/JPY rose during the Monday session as the Dollar caught a bid against almost everything in the markets. The pair continues to have massive pressure on it though, and as long as the 80 level still seems...
EUR/USD fell hard on Monday as traders worried about the possibility of Moody’s downgrading the EU countries on top of the S&P threat. This will continue to weigh on the ability to own the Euro.
USD/CAD had another tight day on Friday as the market ended up down slightly. The pair will follow the oil markets over time, and with those markets currently range bound, it makes sense that the Canadian dollar...
AUD/USD had originally fallen on Friday, only to bounce again and form a hammer in a very supportive manner just above the obvious parity support level. The recent consolidation has focused on the 1.03 level, which has...
USD/CHF had another tight range for the Friday session as the market ended up down slightly. The Swiss National Bank has put a floor in the EUR/CHF pair at 1.20, and announced that it is willing to...
GBP/USD had originally gained on Friday, only to fall again from the 1.57 resistance area. The resulting candle is a shooting star, and the pair simply looks too weak to overcome this area.
USD/JPY fell during the Friday session as the Dollar got sold off. This pair is decidedly bearish, and the downside pressure seems to be continuing. The Bank of Japan intervenes every once in a while, but the...
