The euro saw upward movement against several of its main currency rivals yesterday, as hopes that the European Central Bank would move in to help debt stricken countries in the region boosted risk appetite in the marketplace.
The EUR/USD pair had a bullish session for the Monday trading day, but it did manage to give up quite a bit of its gains in the end. The 1.2350 level continues to hold as resistance, and...
USD/JPY had a positive session during the Monday trading day as we are simply bounced off of the support area below. Looking at the charts, the real question then becomes whether or not we are fighting massive...
The GBP/USD pair attempted to smash through the 1.57 level on Monday, but was turned around and form a shooting star. Normally, this would have us very bearish of a currency pair, but as you can see...
The AUD/USD pair fell during the Monday session and managed to bounce off of the 1.05 support level yet again. This doesn’t seem like much to us, and as such we treated more or less as consolidation...
The USD/CAD pair attempted to rally on Monday, but fell short of anything that would impress us enough to get involved. The Friday shooting star suggested a continuation to the downside, and it does look like any...
Commitment of Traderes (COT) Data 07 August 2012. Speculators continued to be sellers of the USD during the latest reporting period.
Market review for 6 – 10.08.2012
The euro saw losses across the board on Friday, as inaction on the part of the European Central Bank (ECB) to lower borrowing costs in Spain and Italy resulted in risk aversion in the marketplace.
EUR/USD fell during the session on Friday again, but did get a bounce towards the end of the day to form a hammer. This hammer is sitting just below the 1.23 level, and on top of what...
