The USD/JPY pair originally fell during the session on Tuesday, only to bounce back during the US session. The market ended up forming a hammer and the dose it just above the 79.50 level that has caused...
The GBP/USD pair found itself gaining during the session as the Pound showed strength around the board. The cable pair typically will move with risk appetite, but it may be gaining simply because it is the strongest...
The euro fell once again vs. its main currency rivals yesterday, as a sharp increase in Spanish borrowing costs combined with expectations that the upcoming EU summit will do little to combat the euro-zone debt crisis, weighed...
The AUD/USD pair gained during most of the session on Tuesday as the parity level held as support. Yesterday we mentioned that this area could produce some type of reaction, and a quite obviously has.
The USD/CAD pair had a bearish session on Tuesday as the bottom of the shooting star was triggered, signaling selling in this market. However, the 1.02 level looks supportive and we believe that this market will more...
You would think after twenty or so major and mini summits over the period since the Greek saga commenced, the European leaders would have enough experience to have successful productive summits.
The market participants expect the negative outcome of the upcoming EU
The latest week was marked by liquidation of futures as the June contract expired. The total reduction in the futures and delta-adjusted option positions was almost 350K contracts.
The euro started the week off by extending its recent bearish trend, as investors remain doubtful that any meaningful strategy for combating the euro-zone debt crisis will be unveiled during an EU summit later in the week.
The EUR/USD pair fell for much of the session on Monday, but managed to find support at the 1.25 level. This caused the pair to print a hammer for the session, and this suggests that we are...
