The USD/CAD currency pair initially tried to rally during the Monday session, but failed and formed a shooting star. This looks like a market that’s trying to continue lower and interestingly enough the oil markets will go...
The GBP/USD pair fell initially during the session on Monday, but found support at the 1.60 level again and shot straight through the 1.61 handle by the end of the session. The resulting candle is very much...
The EUR/USD pair initially fell during the Monday session, but found enough support that we bounced all the way up to the 1.3120 area by the end of the day. This formed a fairly odd shaped hammer,...
The AUD/USD pair fell during the session on Monday originally, but bounced back in order to form a hammer just under the 1.05 level. The 1.05 level continues to be important for this marketplace, and the fact...
CFTC Commitments of Traders (COT) Report, published 04 January 2013. The total net USD position in the currencies we follow increased to a short of 183,017 contracts, up from 177,758 in the previous period.
In the week that divided 2012 and 2013, financial markets took a sharp upward trend. Shortly before the end of 2012, fears of the US falling down the fiscal cliff increased even more and markets lost their...
Higher-yielding assets, including the euro, Australian dollar and crude oil, saw modest gains on Friday afternoon, following a positive US jobs report that led to risk taking among investors.
The Japanese yen is foreseen to sustain its weakness alongside the US dollar today on continuing speculation that the Bank of Japan will ramp up efforts to revive economic growth under pressure from Prime Minister Shinzo Abe.
The USD/JPY pair had another strong session during the day on Friday, as the nonfarm payroll numbers of the United States came in right at consensus.
The USD/CAD pair went back and forth during the session on Friday as the 0.99 handle continues to be a magnet for price. However, by the end of the day the market closed below that level, and...
