Even as the US Flash Manufacturing Purchasing Managers’ Index dropped more than expected to 51.8 points in July from the 52.1 points forecast, the American currency managed to win by 44 pips opposing the Swiss franc.
The week started with a degraded outlook on the Euro’s triple-A rated economies. Yesterday, the monetary union’s stability facility suffered the same fate.
The EUR/USD pair fell during the session on Tuesday as the problems in Europe continue. Spanish and Italian bonds continue to spiking yield, and this of course has money running from the European Union. Because of this,...
The USD/JPY pair fell during the session on Tuesday as more European worries had participants running towards safety. The pair is approaching the 78 handle, and as such we expect supportive action in the immediate vicinity.
The GBP/USD pair attempted to rally during the Tuesday session, but was turned around and form a shooting star sitting directly above the 1.55 support level. This looks rather bearish at this point in time, and this...
The AUD/USD pair fell during the session on Tuesday, as the initial surge through the 1.03 level gave way to the bearish side. The resulting candle was a shooting star, and this suggests that perhaps the Aussie...
USD/CAD had another schizophrenic day during the Tuesday session as we have bounced aggressively sense the end of last week. The 1.0250 level is in sight now, and this was our trigger price to go along of...
The euro fell once again during the European session yesterday, following the release of a disappointing German Flash Manufacturing PMI. The news was taken as a sign by investors that the euro-zone crisis is weighing down on...
The EUR/JPY has bounced off the lower line of a major descending channel but soon ran out of momentum and has now corrected back. There is a possibility it may start another leg higher and reach just...
The EUR/USD has fallen to support from the weekly and monthly pivots at 1.2100 and is currently consolidating; it will probably resume its down-trend and target the 1.1876 lows. However a decisive break of the hammer lows...
