The EUR/USD pair had a positive session on Monday as the bounce continued from the Friday session. The pair has been massively oversold in the last couple of weeks, so this bounce was bound to happen sooner...
The USD/JPY pair rose during the Monday session as the 61.8 Fibonacci level offered support. The 79 handle is also there, and this was probably part of the reason as well. The market had been sold off...
The GBP/USD pair rose slightly during the Monday session as the 50% Fibonacci level continues to hold the market up. The hammer from the Friday session had us looking at a possible buy in this pair, but...
The AUD/USD pair shot straight up for the session on Monday as the bounce that many had waited for. The pair seems to be finding a lot of support 0.98 levels, and as a result we think...
The USD/CAD pair fell on the session for Monday and the action was very weak. This pair has recently broken out to the upside recently, and the 1.01 level now should be supportive all the way down...
It was an active week for euro traders. The total size of the speculator short in the euro versus the USD increased to 219,642 contracts, up from 183,685 in the previous week.
After steadily gaining on the dollar and yen yesterday in overnight trading, the euro once again turned bearish during the European session. Renewed concerns regarding the political situation in Greece triggered the bearish correction.
Following weeks of speculation regarding how Facebook’s debut on the New York Stock Exchange would turn out, investors were mildly disappointed with the social media site’s performance on Friday night.
The EUR/USD pair originally fell for the session, but the markets covered short positions late in America in order to create a pop in this pair. The G8 meeting at Camp David over the weekend could produce...
The USD/JPY pair continued to fall on the Friday session as the Yen strengthened again. The market is openly speculating that the Bank of Japan will do little to ease next week, and as a result the...
