The USD/CAD pair fell most of the session on Friday in order to retrace half of Thursday’s gains. The pair will be highly influenced by the oil markets, and the oil markets are currently testing serious support...
The AUD/USD pair managed to bounce on Friday, in order to form a bit of a hammer. What is most interesting about this hammer is that it is sitting just above the parity level. Because of this,...
GBP/USD fell just slightly at the end of the session on Friday as the market seemed content on digesting the losses on Thursday. The 1.57 level held the bulls down, and as a result we think this...
The USD/JPY pair rose during the Friday session as the Yen weakened overall. The 80 level looks very resistive overall, and the top of this resistance level is the 80.50 spot.
The EUR/USD pair had a fairly quiet session on Friday as the 1.25 level continue to hold the support. However, it does in fact look like we are trying to form some type of bearish flag.
Following the expiration of the currency futures each quarter, we like to analyze the remaining volume of open trades. In doing so, we attempt to glean information about trader participation and preferences in the currency markets.
The USD/JPY pair had a fabulous day as the market shot straight up and past the 80 handle. However, there end of the resistance isn’t until we get over the 80.50 level, and we are just shy...
The USD/CAD pair absolutely skyrocketed during the Thursday session as the “risk off” trade came back into play. The oil markets fell during the session, and the CAD got punished as a result.
The GBP/USD pair broke down for the session on Thursday as the concerns in global economies continue. There are several British banks on the radar screens of the credit agencies now, and as a result we like...
The EUR/USD pair fell hard on Thursday as the markets worried about immanent downgrades of the world’s largest banks by Moody’s, and weak economic numbers from both China and Germany.
