AUD/USD rose on Wednesday as traders piled into the “risk on” trade. The rumors out of the EU suggest that the various countries may be working on a coordinated effort to recapitalize the banks, and that it...
USD/CHF rose on Wednesday as traders continue to sell off the Franc. With the Swiss National Bank willing to sell it as well – this makes sense. Also, in times of concern, the Franc can no longer...
GBP/USD had a fairly quiet day on Wednesday as traders continue to bounce around the current level, just under the 1.55 mark. The pair is most certainly bearish at this point, and it is probably oversold as...
USD/JPY continues to bounce around in a very tight range as traders can only scalp it at this point. Wednesday was no different, and we still continue to think that buying this pair at the 76 handle...
EUR/USD continued to bounce slightly on Wednesday as traders are willing to take a bit more risk at this point. The behind the scenes situation in the EU suggests that there is some kind of coordinated action...
In the world of Forex, the Japanese Yen is probably one of the “safest” currencies out there to buy. On Monday, we have seen another round of Yen buying as traders are selling off any type of...
EUR/USD continued to fall on Monday as traders worry about the Greek situation. The pair has been whacked lately as the markets continue to buy the USD against most other currencies, and as the Euro is the...
The USD/CAD pair rose drastically on Friday as the oil markets sold off. The trend most certainly looks like it has changed in this pair, and with the Light Sweet Crude oil markets falling through the $80...
AUD/USD continued its fall on Friday as traders are selling off anything risk related at this point. The Aussie is especially sensitive to the global economy, and as there are concerns about China slowing down
USD/CHF rose on Friday as the “safe haven” trade came back into vogue. The Franc is no longer a safe haven currency since the Swiss National Bank is working against the value of it, and the USD...
