The GBP/USD pair has been viciously sold off over the last several sessions, but the Friday markets saw a bit of a reprieve. The daily candle closed to form a bullish hammer at the 1.58 vicinity, and...
The AUD/USD pair fell on Friday as the “risk off” attitude continues to haunt the markets. The Aussie is suffering at the hands of the fear of European debt issues and as the risk assets around the...
The USD/CAD pair fell for most of the session but saw a nice bounce at the end of the day as the oil markets fell apart. The 1.02 level gave way, and we now are well above...
The Gold futures pulled back sharply in 2.41 % move to $ 1575 per ounce.
While the euro remained bearish against its main currency rivals throughout yesterday’s trading session, it avoided falling to a new four-month low against the US dollar.
Is there anyone who does not know the Europeans have a severe debt crisis which has the potential to engulf the world in one more financial melt down?
The USD/JPY pair broke hard to the downside on Thursday as the market entered into the “safe haven” mode yet again. The issues in Europe have the markets nervous at best, and rumors during the session that...
USD/CAD shot straight up during the Thursday session as the “risk off” trade continued. The oil markets still look weak, but they are starting to stabilize just slightly. This pair hasn’t shown signs of slowing down, and...
The GBP/USD pair fell extremely hard during the Thursday session, and the 200 day exponential moving average has now given way to the bears. The pair looks like a sell only market at the moment, and is...
EUR/USD fell yet again on Thursday as the fears of traders continue to push this pair much lower. The reality is that there is a serious chance of Greece leaving the European Union now, and this has...
