The EUR/JPY had been falling but has now formed a double-bottom at the lows which is bullishly converging with momentum. This could signal a recovery bounce with a break above 97.94 – the 76.4% Fibonacci level of...
The EUR/USD is still correcting back higher and is close to the underside of the down-sloping trend-line on the 4-hr chart situated at 1.2320. Substantial selling is likely at that level and this may push the exchange...
Market review for 09.07.12: The Euro-Zone Sentix Investor Confidence index fell in July to the -29.6 points value. Asian and European trading sessions:
To the chagrin of the Bank of Japan, who would prefer to have a lower yen, and the many Japanese exporters harmed by the elevated yen, the turmoil in Europe continues sending haven buyers to seek the...
The euro stabilized against the US dollar yesterday after hitting a two-year low last week. A disappointing US jobs report contributed to the significant risk-aversion in the marketplace and played a role in the euro’s renewed bearish...
EUR/USD tried to rally during the Monday session, and although it did succeed to a point looks very weak nonetheless. The 1.23 level was overtaken again, but only just and without any serious conviction.
The USD/JPY pair managed to gain slightly during the Monday session, in otherwise tight trading ranges in financial markets around the world. With the poor jobs number last Friday, there was a lot of “risk off” trading...
The GBP/USD pair had a slightly positive session on Monday as traders came back to resume the consolidated of tone in this currency pair. The 1.55 level has been sportive for the last month or so, and...
AUD/USD had a slightly bullish day on Monday after initially falling. The currency pair formed a hammer, and this of course is a very bullish signal. It appears that the 1.02 level is offering support at this...
USD/CAD pair fell after initially moving higher on Monday. The market formed a shooting star, however this is a very short one and looks like one to ignore. The 1.0150 level should still offer support, and we...
