The USD/CAD pair fell during the session as the markets originally ran away from the US dollar. However, the “risk off” trade came back into play towards the end of the session, and the market bounced quite...
The AUD/USD pair initially rose well above the 1.08 level on Wednesday as the flag we have been watching got violated. However, by the end of the session, these gains were lost and more, to form a...
The USD/CHF pair took off Wednesday during the session as the failure of Ben Bernanke to mention another round of quantitative easing got the markets a little bit spooked.
GBP/USD rose during the session to the 1.60 level as an official from the Bank of England suggested that further quantitative easing may not be necessary. This of course was positive for the Pound, and this pair...
USD/JPY rose again on Wednesday as the Dollar gained against most currencies. The “risk off” trade came into play in full force after several central banks essentially said there may be less quantitative easing than expected.
The EUR/USD pair essentially fell off of a cliff on Wednesday as the Federal Reserve Chairman rocked the markets by not suggesting any form of quantitative easing during his congressional question and answer session.
Following a hectic trading day yesterday, which eventually saw the euro tumble against its main currency rivals, traders can once again expect market volatility today.
The European Central Bank allocated 500 billion euro for the European banks. Asian and European trading sessions:
Yesterday saw little significant movement among the main currency pairs, as investors eagerly await the results of the European Central Bank’s (ECB) latest round of long-term refinancing, set to be announced today.
USD/CAD fell on Tuesday as the shooting star from the Monday session triggered technical selling. The area the pair is in has been very consolidative, and as long as that remains so, we see no real longer-term...
