The AUD/USD shot straight up during the session as the “risk on” trade came back into the fold as the central banks of the world have coordinated to make the borrowing of Dollars cheaper for the banks...
EUR/USD shot straight up during the session as the major central banks around the world have agreed to reduce the costs of swapping Dollars between the banks, and can help alleviate the possibility of another Lehman Brothers...
GBP/USD shot straight up on Wednesday as traders reacted to the major central banks of the world working on lower Dollar swap costs. Essentially, this can help alleviate the potential of European banks being frozen out of...
The AUD/USD pair rose above the parity level on Tuesday as the commodity trade took off. The appetite for commodities was fueled by hopes of an EU workout. The pair has lost a bit off the top,...
The EUR/USD pair spiked originally during the session on Tuesday as traders reacted to the fact that the Italians actually managed to get their bond auction off. However, they are now paying almost 8% for the 10...
GBP/USD rose on Tuesday as the “risk on” trade came back into vogue. The pair rose above the 1.56 level, and looks like it wants to build on those gains as the shooting star from Monday was...
The USD/CAD pair fell on Tuesday and even managed to pierce the 1.03 support level before bouncing to sit right on it at the end of the session. The resulting daily candle looks very much like a...
USD/CHF fell during the Tuesday session as the Dollar lost ground against many of the other currencies around the world. The safety trade was off on hopes of a bailout coming to the EU via the IMF,...
The USD/JPY pair fell during the Tuesday session as the recent surge ran into the 78.50 resistance area. The pair is undoubtedly in a downtrend, and this looks to remain the case until we can get over...
The AUD/USD pair attempted a rally on Friday only to fail and print a second shooting star in a row. Both of these are at the bottom of a fall, and this shows that the pair may...
