The USD/JPY pair rose during the session as the Federal Reserve only managed to extend the “Operation Twist” instead of easing further and more aggressively. Based upon the Fed’s announcement, it looks as if the central banks...
The GBP/USD pair had a wild day on Wednesday in order to finish the day basically unchanged. The pair will be sensitive to a lot of different things at once, but the most interesting fact is that...
The AUD/USD pair rose slightly at the end of the session on Wednesday, to form a green doji. The candle suggests that we are looking for some kind of direction at the moment, and the 1.02 level...
The USD/CAD pair had an interesting session on Wednesday as the pair was at one time bullish, then bearish, and finished the day forming a shooting star. The shooting star for the session does in fact seem...
The Economic Sentiment in Europe showed a disappointed result.
The EUR/USD pair rose during the session on Tuesday as the market is getting ready to receive the announcement out of the Federal Reserve’s two day meeting today. There is a lot of speculation that the Fed...
The USD/JPY pair fell slightly during the session on very little motion one way or the other during the Tuesday session. The pair is essentially in “No Man’s Land” as the 78 level and the 80 level...
The GBP/USD pair fell for much of the Tuesday session, only to bounce again and form a hammer at the 1.57 level. The area has been support previously, and the market should be support now. The hammer...
The AUD/USD pair shot up on Tuesday as the “risk on” trade came back into play. The Aussie is often used as a proxy for global growth, and with the Federal Reserve meeting ending today; there is...
The USD/CAD pair fell on Tuesday as the 1.02 level gave way. The breaking of the bottom of Monday’s shooting star signaled to the markets that this pair is going to want to continue to fall. The...
