The GBP/USD pair fell at the end of the session on Wednesday as the GDP estimates for the US have been downgraded, sending the market into a “risk off” mode. This will always hinder the cable pair,...
The AUD/USD pair attempted to rally on Wednesday, but was turned away at the parity level yet again. This area is looking more and more like a “top” to the market, and as a result we are...
The USD/CAD pair rose for the most part during the Wednesday session, after first trying to fall. The 1.03 level kept the market down, and as a result we have to wait to see the next move....
The Spanish bonds yields’ grew to their maximum level of 6, 728 %.
News Sunday that a bail out fund was going to have up to €100B available to rescue Spanish Banks gave the market a boost.
The EUR/USD pair had a relatively quiet session on Tuesday as the stock markets were strong in the United States. The 1.25 level continued to be the epicenter of price action, and with the Greek elections coming...
The USD/JPY rose during the session on Tuesday as the risk appetite rose as well. The 80 level above continues to be the current “ceiling” for price, and as a result we think that a clearing of...
The GBP/USD pair rose during the session on Tuesday as the risk appetite rose globally. The move higher coincided with a lot of stimulus talk, and the rising stock markets. The top of the recent gap has...
The AUD/USD pair had a bullish session on Tuesday as the “risk on” trade came back. Rumors of Federal Reserve easing continued to hit the markets, and as a result the “hopium” trade returned.
The USD/CAD pair fell during the session on Tuesday as the oil markets bounced slightly, giving some hope to the Canadian dollar bulls. The pair has been in a nice uptrend lately, but found a lot of...
