The GBP/USD pair fell apart on the Wednesday session as the “risk off” trade continued. The 1.5650 level gave way in short order, and the 1.55 level has even been violated at this point. The pair will...
The AUD/USD pair has a difficult role to play these days. The Wednesday session saw this pair fall straight down, and even come close to testing the lows form a couple of sessions back. This pair is...
The USD/CAD pair has been ripping higher for a couple of weeks now. This pair is actively tracking the weakness in oil, and the oil markets gave way on Wednesday. Oddly enough, the 1.03 resistance level has...
The euro dropped to a fresh two-year low against the US dollar yesterday, following a disappointing Italian bond auction which led to fears that the euro-zone debt crisis is spreading to other countries in the region. In...
The Greek banks received a total of 18 billion Euros as the second program of assistance to Greece from the EU and the IMF.
The EUR/USD pair managed to break down below the 1.25 level on Tuesday, but bounced back in US trading as the Americans have yet again come to the rescue of the Euro.
The USD/JPY pair had a slightly bearish session on Tuesday as the market continues to grind sideways. This pair is going to be heavily influenced by the Friday Non-Farms Payroll report, so consolidation is probably going to...
GBP/USD fell for the session on Tuesday as the bears continue to pound away at the Pound. The 1.5650 to 1.56 level was violated, but held up at the end of the day. The area didn’t really...
The AUD/USD pair had a slightly positive day on Tuesday, but not without the bears trying to send the pair back down. Still, at the end of the session the candle wasn’t all that impressive.
The USD/CAD pair fell on Tuesday in order to form a bearish engulfing candle for the session. Although this could be a sell signal, we cannot help but notice how far this market had come up to...
