The markets saw very little movement yesterday, as the combination of a slow news day and worries about the outcome of the upcoming elections in Greece caused investors to limit the number of new positions they opened.
The euro saw significant gains when markets opened for the week, as news that a $125 billion bailout for Spanish banks was being put together generated risk taking in the marketplace.
The EUR/USD pair continued to be the focus of all things Forex on Monday as the weekend saw the Spanish banks receiving a bailout. The 125 billion Euro bailout was initially greeted by the market with relief...
The USD/JPY pair had a negative session on Monday as the markets initially felt good about the weekend deal with Spain, but turned sour overall. The candle for the session ended up being a red one, but...
The GBP/USD pair initially rose during the session as the announcement of a Spanish bank bailout hit the wires this past weekend. However, as the session continued, the pop that the pair initially saw ended up fizzling...
The AUD/USD pair fell hard during the session on Monday as the “risk off” trade came back with a vengeance in the European afternoon. The parity level has served as massive resistance again, and this pair looks...
The USD/CAD pair shot up like a rocket after first gapping to the downside on the open. The gap was filled, and the bulls went beyond that level as well. The candle from the Friday session is...
Market review for 04-08.06.2012
The euro fell against several of its main currency rivals on Friday, following another Spanish credit rating downgrade and the news that the country will require a bailout to help its ailing banking sector.
The EUR/USD pair continued to be the focus of everyone in the Forex world on Friday. The pair features a currency that many think may not even exist in a couple of years, and as a result...
