The AUD/USD fell originally during the Tuesday session, but managed to pop back up during the later hours. The resulting candle is a hammer-shaped one, and this suggests some kind of support just below where the market...
The EUR/USD pair rose again on the Tuesday session as traders really didn’t have much to focus on during the session. The pair wants to rise, mainly as an oversold bounce at this point, but the consensus...
The GBP/USD pair had a fairly quiet day as the markets were largely in rest mode for the Tuesday session. The pair has bounced as high as 1.57, but the area proved to be overly resistive to...
USD/CAD rose, and then fell during the session on Tuesday, forming a shooting star-shaped candle at the end of the session. The pair has recently fallen, and the shape of the candle suggests that trouble could be...
USD/CHF rose slightly during the Tuesday session as the Dollar found itself in trouble, but the safety of the Franc wasn’t needed. The pair is being held aloft by the Swiss National Bank as the central bank...
USD/JPY sat still again on Tuesday as traders continue to scalp the market at best. The pressure on the pair is significant, but not so much as to press the patience of the Bank of Japan, who...
The Canadian dollar appreciated against the Greenback on Monday as trader bought risk around the globe. One of the most heavily bought areas was in the energy sector, especially the oil markets.
The Aussie continued to power forward during the Monday session as traders continue to take on the “risk on” trade globally. The Aussie is very sensitive to global risk, so this move is to be expected.
The Swiss Franc appreciated quite strongly during the Monday session as traders sold off the Dollar against almost all currencies worldwide. The move might not have been so much a nod to the Franc
The GBP/USD pair rose on Monday as traders piled into the “risk on” trade. The market finished the New York session at the top of its recent trading range, and is now at a crossroads of sorts.
