AUD/USD fell on the Monday session as risk assets sold off around the globe. The pair is highly sensitive to this kind of fear, and sold hard as a result. The parity level below looks very supportive,...
The GBP/USD pair fell hard during the Monday session to retest the lows of the recent consolidation that the market has been stuck in. The 1.5875 area seems to be a bit of a floor, so supportive...
EUR/USD fell on Monday as traders continue to sell off the Euro in general. The EU has massive and well-known debt issues, and the Italian bond auction for the 5 year note went poorly for the session....
USD/CHF rose during the Monday session as the world bought the US Dollar in general to avoid risk. The situation in Europe is still far from resolved, and the Franc is being worked against by the Swiss...
The USD/JPY fell during the session on Monday, but managed a bounce late in the session to form a hammer at the 77 handle. Because of this, it looks like it may want to bounce, and a...
USD/CAD fell during the Friday session as the oil markets took off. With this pair’s sensitivity to the price of oil, it was no surprise that there was demand for the Loonie. The parity level still sit...
The AUD/USD pair rose during the Friday session as the manic attitude of currency markets continues. The Greek swore in a new Prime Minister, and the Italians passed an austerity budget. The trading took this as the...
The USD/CHF pair fell a bit on Friday, but managed to find support at the 0.9000 level. The resulting candle was a hammer, and the market looks like it is ready to perhaps rise again.
GBP/USD rose during the Friday session in a parabolic manner during the US session as the major banks in America were closed. This created a thin market, and the traders took advantage of it. The market is...
The USD/JPY pair fell during the session as the Dollar got sold off against almost all currencies. The recent intervention in this pair has already been retraced by half, and we think that the unilateral nature of...
