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...
The GBP/USD pair fell during the Friday session, but found plenty of support at the 1.60 level in order to bounce and formed a nice-looking hammer. This hammer is formed essentially where you expected to be, and...
The EUR/USD pair had a slightly positive session for the Friday trading day, bouncing off of the 1.30 level. However, we think that the 1.3150 level above should continue to be resistant, and as a result we...
The AUD/USD pair fell initially during the Friday session, but 1.04 offered plenty of support and as a result we bounced hard and close of the 1.0477 level. This candle is a massive hammer, and it does...
