The AUD/USD pair tried to rally at the beginning of the Monday session, but with low-volume the market found it being pushed lower again by the end of the session. In fact, we closed below the 1.04...
Market Commentary The Dollar Index is finding support at 79.00 ranges to currently trade firm at 79.75 resulting in correction in most of the asset classes especially in the benchmark equity index of the Dow Industrials (.DJIA)....
The USD/JPY pair fell during the Friday session, but bounced off of the 84 handle again and formed a hammer for the second day in a row. Looking at this chart, we can see that the 84...
The USD/CAD pair shot through the 0.99 handle during the session on Friday, but failed to close above the 0.9950 level which was our signal to start buying. Because of this, we would have this pair as...
The GBP/USD pair fell precipitously during the Friday session as the “risk off” trade came back into play. With the failing of the so-called “fiscal cliff” talks, this market absolutely cratered. However, you can see that roughly...
The EUR/USD pair fell on Friday, but found quite a bit of support at the 1.3150 handle as it bounced from that significant level. With Wednesday and Thursday both printing shooting stars, and the Friday candle pretty...
The AUD/USD pair fell rather harshly during the Friday session as we slammed into the 1.0 for support level. In fact, that’s exactly where we stopped and we managed to close of the very bottom of the...
Risk taking in the marketplace, largely due to hopes that US budget negotiations would soon be resolved and the “fiscal cliff” of tax increases and spending cuts would be avoided, helped higher yielding assets, including the euro,...
The USD/JPY pair fell during the session on Thursday, but remains above the 84 handle as it appeared to offer support. The area is one that we have been wanting for quite some time, and now that...
The USD/CAD pair fell from the 0.99 resistance level during the Thursday session as we continue to bounce around in this consolidation box. It appears that we have a bottom at the 0.98, and the top and...
