Thursday saw the USD/CAD accelerate to the downside as we have suggested after the Wednesday trading session. The fact that we have broken the bottom of the downtrend channel, suggest that perhaps the downward momentum is about...
The GBP/USD had a slightly bearish session during the Thursday markets, as the “risk off” trade came back into play. However, by the end of the session we manage to regain half of our losses in order...
The EUR/USD pair managed to fall yet again during the Thursday session, and even break down below the 1.23 level. However, by the end of the session we saw the 1.23 level attract buyers again, and it...
The AUD/USD pair rose again during the Thursday session, but gave back over half of its gains in order to form a shooting star. While this normally would have us thinking of a short position in the...
Continued inaction on the part of the European Central Bank to lower borrowing costs in Spain and Italy weighed down on the euro throughout the day yesterday. The news, combined with positive US data also helped the...
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
There has been a steady barrage of conflicting information about the euro during the past week. The euro market was deflated after the ECB President Draghi’s press conference, but quickly reversed once Spain announced there was a...
In the reporting period ended on July 1st, the aggregate net USD long was reduced by 89.4K contracts, approximately about one third of the previous total long. With the total USD long down to 174,734 contracts, this...
The euro took losses against several of its main currency rivals yesterday, after worse than expected economic data out of Germany led to risk aversion in the marketplace.
The EUR/USD pair fell during the session on Wednesday but bounced enough to form a hammer. The 1.23 level looks as if it’s acting as support currently, and as such we think that a break down below...
