The USD/JPY pair got a boost from the positive headlines out of Europe on Friday as traders sold the Yen in general. The USD/JPY pair is essentially a fight between the two central banks, and as the...
GBP/USD rose during the session as the “risk on” trade came back into play. The trading community reached for anything risk related, and this had a lot of the higher beta pairs gaining, this one included.
The AUD/USD pair absolutely exploded during the Friday session as the word got out that the European Union came up with a possible workaround for the Spanish and Italian bond markets.
The USD/CAD pair fell hard during the Friday session as the oil markets absolutely spiked in reaction to the European Union meeting and its announcement.
Years ago, when working as a grain analyst for Merrill Lynch in Chicago, we had a meat analyst whose trading recommendations were almost always wrong.
USD/JPY fell on Thursday session, but recouped much of its losses. The resulting candle was a hammer, and it does look like we are starting to see some significant support at the 79.50 level. Below this area...
The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of...
GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in...
The EUR/USD pair fell during the Thursday session, but found a bid again late in the day as traders weren’t ready to take on a lot of risk in one direction or another before the EU meetings....
The AUD/USD pair fell for most of the session after an initial spike. The candle from Thursday looks a bit like a long legged doji and suggests that there is a bit of confusion in the markets....
