The EUR/USD has pushed higher and it if moves above the 1.2442 highs again then it could rise further, targeting the monthly pivot at 1.2636. The inverted H&S at the lows on 4-hour chart increases the possibility...
Market review for 30.07 – 3.08.2012
The Euro gained versus the Great British pound by 60 pips in the previous European trading session as measures aimed at triggering economic growth in the UK could not have been sufficient to pull the nation’s economy...
A better than forecasted US Non-Farms Payroll figure on Friday led to risk taking in the marketplace, which turned currencies like the euro and AUD bullish. Furthermore, commodities and precious metals received a significant boost following the...
The EUR/USD pair had a massively bullish session during the Friday trading session as the US jobs number came out at positive 165,000 added last month. This got the “risk on trade” back into play, especially considering...
The USD/JPY pair had a bullish session on Friday as the US employment numbers came out at 165,000 jobs added for last month. The pair did Spike above the 78.60 level that we have been watching as...
The GBP/USD pair shot straight up like a rocket during the Friday session after the nonfarm payroll numbers came out. It had already been positive for the session, but the jobs situation in the United States only...
The AUD/USD pair shot straight up after the mildly bullish European session, and then especially so after the extremely strong US jobs number. The surprise to the upside got everybody in the markets in the “risk on”...
The USD/CAD pair fell during the Friday session as the parity level was pierced. However, by the end of the session we saw parity hold in this suggests that perhaps we are ready for a bounce.
The pound is still consolidating and moving broadly sideways. Yesterday’s spike-down means the exchange rate has hit its range lows. It is currently beginning a recovery rally although the 50-day MA is resisting. A move above 1.5620...
