USD Major currency pairs traded within narrow ranges and closed the trading day almost at their opening prices. However, dollar managed to gain versus the yen, driven by the increase in the US treasury yields. Turning to...
Market review for 14.08.12: The reports for German and French economical data were quite positive. Asian and European trading sessions:
The euro got an early-morning boost when the German GDP Season Adjusted (Q/Q) came in a tick better than expected at a positive 0.3%. Most of the other German numbers were negative but the market did not...
The EUR/USD pair attempted to rally on Tuesday, but fell short and formed a shooting star. The shooting star suggests that perhaps we are going to try the uptrend line or bottom of the rising wedge over...
The USD/JPY pair had a bullish session on Monday, as the Yen sold off in general. The 78.75 level gave way, and as such we think that this pair will continue to rise over time. We have...
The GBP/USD pair had a bullish session on Thursday, but for the second day in a row failed to hang on to gains above the 1.57 level. This is two shooting stars in a row, and this...
The AUD/USD pair fell during the session on Tuesday, but managed to bounce back to hugging the 1.05 level. This suggests to us that perhaps there is support coming back into the marketplace, and as such we...
The USD/CAD pair fell slightly during the session on Tuesday, but still remains above the 0.99 support level. The pair is obviously in a bearish trend, but we think that the move lower will be dependent on...
The euro fell against the US dollar yesterday, following the release of a worse than expected German economic sentiment figure and GDP data which signaled an economic contraction in the euro-zone.
Market review for 13.08.12: The Euro substantially grew on the results of the auctions for the Germany and Italy bonds.
