The USD/CAD pair rose during the session on Tuesday, but failed to stay above the parity level. As such, it looks like parity will continue to push prices down, and the shooting star suggests that we are...
The GBP/USD pair fell during the balance of the Tuesday session, but got a significant bounce from the 1.60 handle in order to form a wicked looking hammer. This has been a very bullish market in the...
The EUR/USD pair fell during the initial part of the Tuesday session, but bounced yet again in order to form a hammer. Looking at this chart, it becomes obvious that we are forming higher lows along the...
The AUD/USD pair fell during the beginning of the Tuesday session, but bounced in order to form a hammer. This suggests that we are seeing a build up the pressure against the 1.04 level, and as such...
A lack of significant international news yesterday, combined with concerns regarding a hurricane set to hit the United States resulted in low volatility in the marketplace.
In the previous European trading exchanges, the Euro gained versus the Great British pound as Bank of England Deputy Governor Charles Bean appeared to have dampened optimism towards the UK economy when he warned against being too...
EURGBP. We had some interesting economic numbers released last week. Perhaps overlooked was the European M3 money supply report. This is the broadest measurement of the money supply and the quarterly and yearly growth numbers were both...
The Dollar Index is still trading range bound between 80.40 and 79.00. The USD traded flat against the Euro, the Swiss Franc and the Aussie Dollar but appreciated by more than 70 pips against the Cable.
The USD/JPY pair rose slightly during the session on Monday as the bounce back from Friday’s selloff fails to impress. However, it should be noted that with the hurricane in the United States, the liquidity dried up...
The USD/CAD pair rose during the session on Monday and even managed to break above the parity level. This is a signal that the US dollar is going to continue to gain against the Canadian dollar. This...
