The USD/JPY pair fell during the session on Tuesday as more European worries had participants running towards safety. The pair is approaching the 78 handle, and as such we expect supportive action in the immediate vicinity.
The GBP/USD pair attempted to rally during the Tuesday session, but was turned around and form a shooting star sitting directly above the 1.55 support level. This looks rather bearish at this point in time, and this...
The AUD/USD pair fell during the session on Tuesday, as the initial surge through the 1.03 level gave way to the bearish side. The resulting candle was a shooting star, and this suggests that perhaps the Aussie...
USD/CAD had another schizophrenic day during the Tuesday session as we have bounced aggressively sense the end of last week. The 1.0250 level is in sight now, and this was our trigger price to go along of...
The euro fell once again during the European session yesterday, following the release of a disappointing German Flash Manufacturing PMI. The news was taken as a sign by investors that the euro-zone crisis is weighing down on...
The EUR/JPY has bounced off the lower line of a major descending channel but soon ran out of momentum and has now corrected back. There is a possibility it may start another leg higher and reach just...
The EUR/USD has fallen to support from the weekly and monthly pivots at 1.2100 and is currently consolidating; it will probably resume its down-trend and target the 1.1876 lows. However a decisive break of the hammer lows...
Events in the single currency region are deemed to cause a pull on the Euro opposite the US dollar. Things are once more getting tough for the Euro Zone, and the markets are again on edge.
Reading from the news, it seems that every bit of it points to the looming demise of the Euro Zone. The bloc is not only dealing with the rising problems of Spain, but also with the economic...
Rising Spanish bond yields combined with fears that the country will soon need an international bailout sent the euro to new lows against its main currency-rivals yesterday. The EUR/USD fell to its lowest level in more than...
