Currency markets last Friday continued to digest Thursday’s statement from ECB President Draghi, trying to glean how markets will be influenced by such changes. No doubt rumours will continue to swirl until we get confirmation of the...
The aussie has been rising strongly in a possible ending-diagonal, which is a bearish indication. It is currently at a resistance level and there is even stronger resistance not much higher at the 1.0475 where a nexus...
The EUR/USD rallied up to a resistance level at the 1.2320 level and formed a double top reversal pattern on the hourly chart. It has now broken down and has re-entered the former rising channel. It will...
The US dollar gained slightly versus the Canadian dollar in yesterday’s American trading session as applications for jobless benefits dropped by 35,000 in the week ending July 21 to 353,000, data from the Labor Department showed.
European Central Bank chief Mario Draghi has pledged full support for Europe’s single currency, boosting stock markets and easing pressure on Spanish borrowing costs.
Riskier assets saw major gains during the European session, following a speech from ECB President Draghi in which he pledged to do everything necessary to preserve the European Union.
The USD/JPY pair rallied a bit during the Thursday session to bounce off of the 78 handle once again. This area looks to be very supportive, and as such we are more than willing to go long...
The USD/CAD pair had a pretty wild session on Thursday as the pair sold off drastically. The “risk on” attitude of the markets sold the Dollar off against almost every currency. The Canadian dollar of course was...
The GBP/USD pair slammed directly into the 1.57 resistance area during the session on Thursday, and one of the most exaggerated moves we’ve seen in a while. With the head of the European central bank stating on...
EUR/USD rally during the session on Thursday after the head of the European Central Bank, Mario Draghi suggested that he was ready to do “whatever it takes” to keep the Euro viable. The truly interesting thing about...
