The AUD/USD pair fell hard during the session on Monday as the “risk off” trade came back with a vengeance in the European afternoon. The parity level has served as massive resistance again, and this pair looks...
The USD/CAD pair shot up like a rocket after first gapping to the downside on the open. The gap was filled, and the bulls went beyond that level as well. The candle from the Friday session is...
Market review for 04-08.06.2012
The euro fell against several of its main currency rivals on Friday, following another Spanish credit rating downgrade and the news that the country will require a bailout to help its ailing banking sector.
The EUR/USD pair continued to be the focus of everyone in the Forex world on Friday. The pair features a currency that many think may not even exist in a couple of years, and as a result...
The USD/JPY pair fell for most of the session on Friday, only to turn around and form a hammer in the end. The hammer is just below a massive resistance area though, so we don’t read too...
The GBP/USD pair fell during the Friday session as the Pound’s woes continued. The Dollar has been relentlessly gaining on European currencies in general, and the Pound is no different.
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...
The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
Fear that the global economies are about to contract further has sent the central bankers scrambling for a solution. To no one’s surprise, the central banks are going to figure out a way to loosen the money...
