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.
The USD/CAD pair fell hard on the Friday session, as the risk appetite improved around the world. However, we are sitting just at the support level, and as such we think that a move further might be...
The GBP/JPY pair has decisively broken down out of a flag pattern on the daily chart. After reaching the 122.03 lows yesterday it has rebounded, however, it will probably resume its down-trend soon until it fulfils its...
Market review for 12.07.12: The Bank of Japan unexpectedly extended the size of its fund for purchasing the assets.
The GBP/USD pair has been forming a large triangle on the weekly chart which now looks close to completion. The exchange rate has broken partially below the lower triangle line, closing outside it yesterday. If it continues...
The EUR/USD pair is still falling although it has found some support on the daily chart from the lower line of a down-sloping wedge. It is possible that it could bounce from this level although there is...
