AUD/ USD initially tried to rally during the session on Tuesday, but was cut short and reversal and the 1.0470 level. The resulting candle was a shooting star, and it did break the bottom of the hammer...
Market review for 24.09.12: There were disagreements between European leaders.
The exchange rate has stalled after breaking back into its channel. Wave 5 down is in the process of finishing. It is possible the correction has yet to play out, and it could bounce back up to...
GBP/USD has broken above a down-sloping trend-line and is consolidating in a range. It is possible that it could go higher, although, there is also the chance of a correction. The move out of the triangle has...
Tracking the EUR/USD pair Date: 24.09.2012 Time: 22:33 Rate: 1.2929 Daily chart Last Review The price went down to check the 1.3000 support level and it look like this level can still hold. Breaching of the 1.3172 price...
A worse than expected German Ifo Business Climate indicator yesterday resulted in risk aversion among investors which caused the euro to extend its recent bearish trend. The news also weighed down on commodities, including crude oil which...
COT (Commitment of Traders) COT Report, 18 September 2012. Mention quantitative easing and currency speculators behave like wild packs of Pavlov’s dogs, rushing to get loaded on the long side of the commodity currencies.
The Euro held on to losses versus the British pound in yesterday’s trading exchanges following a report on German Ifo Business Climate, which showed a fifth consecutive drop of the index in September.
The USD/JPY pair fell during the session on Monday in order to break down through the 78 handle again. This is another test of the resolve out of Tokyo by the Bank of Japan, and as such...
The USD/CAD pair rose during the session on Monday to pierce the 0.98 handle, but fell back in order to form a shooting star just below it. This market broke down at the 0.98 handle, and we...
