The AUD/USD pair shot straight up during the Thursday session as the head of the ECB suggested they were willing to do anything to keep the Euro afloat. This suggests that the central bank will further ease,...
The European Central Bank President, Mario Draghi, at a meeting in London yesterday, led cheers for the future of the euro. Draghi said: “Within our mandate, the ECB is ready to do whatever it takes to preserve...
Market review for 25.07.12: The Euro increased despite negative news from Germany.
The eurodollar pair has stopped rallying and consolidated into a triangle which looks almost complete. If it breaks down and continues the bearish trend lower then it will reach the cluster of pivots at 1.2100; a break...
Continuing turmoil in Spain is seen to hamper the Euro’s stride alongside the US dollar today. After having fallen in the previous four months, the National Bank of Belgium’s business barometer reached a gain in July, reversing...
The release of the Preliminary GDP data is really bad news for the UK as the economy contracted by 0.7 percent in the second quarter of this year, more than the economic forecasts of only 0.2 percent,...
The euro saw gains across the board yesterday, after positive comments from an official at the European Central Bank regarding the euro-zone’s ability to combat the region’s debt crisis led to risk taking in the marketplace.
EUR/USD rose during the Wednesday session as the gap has now been filled from the weekend. The Euro continues to have major issues, but there were comments from various higher ups in the ECB over the last...
The USD/JPY pair ended the day unchanged on Wednesday as the pair bumped along the 78 support zone. The 78 handle those represent significant support in this pair, so selling here certainly is not an option.
The GBP/USD pair ended the session unchanged on Wednesday, as the 1.55 level remains and focus. This area was once a massive support in the consolidation area, and as such we feel that the market will continue...
