The US dollar saw a bearish day yesterday vs. the Japanese yen, following worse than expected US Retail Sales and Core Retail Sales figures which signaled to investors that the American economy still has a long way...
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The aussie has risen and re-touched the trend-line which it broke out of last week. Further resistance from the 100-day MA has also helped depress prices. Nevertheless, we have seen a recovery of more than 76.4% of...
The EUR/USD pair has formed a head and shoulders pattern on the hourly chart with neckline currently threatened. My preference is for break and more downside with the target for the move at 1.2170 and the weekly...
The euro was able to bounce back from a two-year low against the US dollar on Friday, as Chinese economic indicators led to a moderate amount of risk taking in the marketplace.
Friday 13th 2012. One of the reasons given for the modest rally in European stocks today is the Chinese GDP released last night. It had been estimated the quarters GDP would be down to 7.7%, last year it...
The EUR/USD pair bounced during the Friday session, as the 1.22 level held as support. This bounce will more than likely signal an opportunity to sell this pair again, as the trend is so obviously bearish.
The USD/JPY pair fell during the Friday session to pierce the 79 handle. This level has been supportive in the past, and Friday’s action was no different. The area has been supportive over the last couple of...
The GBP/USD pair surge during the Friday session as the “risk on” trade came back into play. The US dollar was beat up pretty much around the world, and as such certain pairs really accelerated to the...
The AUD/USD pair rose during the Friday session, as risk appetite increased during the Friday session. The pair has been struggling lately, but this previous week’s bearishness has been all recovered due to the Friday move.
