The EUR/USD pair had another slightly bearish session on Wednesday as the markets prepare for the European Union’s summit over the next 48 hours. The market is currently thinking that this will be yet another disappointment, and...
USD/JPY had a reasonably bullish day on Wednesday as the bounce from the 79.50 level happened as predicted. The area looks as if it is the beginning of support in this pair, and the market is well...
GBP/USD had a negative day on Wednesday as the Pound in general was sold off. The pair currently sits just above the 1.5550 level, a place that we have identified as potential support. Of course, we need...
AUD/USD rose during the Wednesday session as risk appetite expanded ever so slightly. The bounce that has happened over the last 48 hours shouldn’t be much of a surprise as we pointed out the hammer that form...
The USD/CAD pair had an uneventful session on Wednesday as the markets continued to grind sideways. The oil markets were also fairly quiet, so this pair was always going nowhere at the end of the day.
The euro fell to a two-week low against the US dollar during European trading yesterday, as investors remained doubtful that today’s EU summit will produce any meaningful solutions to the euro-zone debt crisis.
The negative results of the auctions on Italy’s and Spanish bonds pressured the Euro currency. Asian and European trading sessions:
EUR/USD fell during a large portion of the session on Tuesday, only to bounce back. This isn’t a big surprise, as the Euro seems to have the ability to bounce no matter what. However, the market seems...
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...
