The US dollar climbed to a fresh two-year high against the euro yesterday, as investor pessimism in the euro-zone economic recovery combined with a better than expected US Unemployment Claims figure helped boost the greenback.
The USD/JPY pair fell during the Thursday session as the tone was pretty soft for risk-based assets around the world. As this pair will follow the risk appetite in general, it’s not a surprise that it fell.
The USD/CAD pair had a fairly volatile session on Thursday as it initially rose, only to fall back and form a shooting star. The pair is sitting on top of support at the 1.0150 level, and as...
The GBP/USD pair fell during most of the Thursday session in order to break down below recent support. The 1.55 level has been taken out at this point, and it does suggest to us that this pair...
EUR/USD fell during the Thursday session as the rout of the Euro continued. The 1.2200 level has offered a bit of support, and as such we did see a bit of a hammer formed for the Thursday...
AUD/USD fell during the session on Thursday, and in fact underperformed its cousin the Kiwi dollar. This suggests that perhaps any “risk off” trades in the currency markets should favor selling the Australian dollar over the Kiwi...
The aussie has broken down below a major trend-line and is continuing lower. It will probably fall even further reaching a cluster of support including the 50-day MA at around parity or 1.0005. A break below 1.0100...
Eurodollar has fallen to close to support at 1.2200 from where it will probably bounce. This is at the level of the lower line of a bearish wedge seen on the daily chart. RSI is also showing...
Yesterday in Madrid Spanish Prime Minister Mariano Rajoy, bending to the wishes of Berlin and Brussels, announced the next dose of austerity, intended to produce €65B in savings. The previous austerity measures have sent unemployment soaring, 24% overall...
The euro fell against most of its main currency rivals yesterday, as investors remained concerned about how a plan to bring down Spanish and Italian borrowing costs will be implemented. The EUR/GBP hit a 3 ½ year...
