The EUR/USD pair fell on Thursday as the European Central Bank eased its monetary policy by cutting the interest rate by 25 basis points. The candle for the Thursday session is extremely bearish, as it closed towards...
The AUD/USD pair had a positive session on Thursday, but did pare back some of the gains as it breached the 1.03 level. The fact is that in front of the nonfarm payroll Friday, very few traders...
The markets are being bombarded with an abundance of late week data, and there is more to come Friday. Much of the data has been properly anticipated.
Technical analysis for 5.07
The market’s initial reaction from last week’s European Summit was a victory for the debit nations as they stood up to Merkel and her diminishing band of creditors. Well perhaps ‘victory’ is an overreach, implying a decisive...
The EUR/USD pair fell during the Wednesday session as the European traders sold off their own currency. Without the Americans there to try and reverse it, this stood through the quiet and holiday impaired US trading session.
The USD/JPY pair initially fell during the Wednesday session as the Europeans sold off risk assets in general. However, towards the end of the session the pair did rebound to form a hammer.
The GBP/USD pair fell during the session on Wednesday as European sold off risk assets in general. The British pound suffered against most currencies, and obviously the Dollar was never going to be any different.
The AUD/USD pair fell during the session after initially surging higher. The reversal of this action formed a shooting star, which is a bearish sign.
The USD/CAD pair rose slightly during the Wednesday session in very light volume. One of the contributing factors would’ve undoubtedly been the fact that the oil markets were so quiet as well.
