The USD/JPY pair fell on Wednesday as the trading community knows the intervention was unilateral. The unilateral interventions by the Bank of Japan in the past have failed, but it is rarely a direct fall in this...
The EUR/USD managed a decent rally for most of the session, but pulled back later in the day. The massive fall over the past several sessions begged for a bounce, and it got it. However, with all...
The USD/CAD pair shot straight through the parity level on Tuesday as traders continued to embrace the “risk off” trade. The pair is highly sensitive to the risk parameters of global trading, and as such it will...
AUD/USD fell hard during the Tuesday session as traders both sold off risk assets and came to grips with the interest rate cut that the RBA did during the session. The Reserve Bank of Australia mentioned that...
USD/CHF rose during the Tuesday session, slamming into the 0.9000 level as the world looked for safety in the global markets. The Swiss Franc can no longer be bought for safety as the Swiss National Bank is...
GBP/USD fell hard on Tuesday as traders sold off risk in general and even broke through the bottom of the hammer from Monday. The 1.60 level gave way, and this is a bearish move in our opinion.
After intervention on Monday, the USD/JPY pair attempted a rise on Tuesday, but formed a shooting star at the end of the day. The Bank of Japan acted unilaterally, which is normally a recipe for failure, so...
The EUR/USD pair fell hard again during the Tuesday session as contagion fear continues to grip the markets when it comes to dealing with the Euro. The Greek Prime Minister also has mentioned that there is going...
The USD/CAD pair rose on Monday as the Dollar got bought in mass by traders around the world. The “risk off” trade came back with a vengeance, and the USD/CAD rose as a result. The Canadian dollar...
The AUD/USD pair fell during the Monday session and even touched the 1.05 area that we have been watching so closely. The 1.05 level was once massive resistance, and it could now be support. The bounce wasn’t...
