A speech by Fed Chairman Ben Bernanke yesterday resulted in the US dollar tumbling throughout the European trading session. The speech, which hinted that the Fed may initiate another round of quantitative easing in the near future,...
The AUD/USD shot straight up on Monday after the Fed Chairman Ben Bernanke stated that the case for Quantitative Easing could be made. He didn’t specifically state it outright, but was blunt about keeping rates as low...
The EUR/USD pair broke out to the upside on Monday as the Federal Reserve Chairman suggested that the exceptionally low interest rates in the US will remain for as long as possible. Some people went so far...
The GBP/USD pair originally fell during the Monday session, but shot straight up like a rocket by the end of the day. This was predicated by the suggestion by Ben Bernanke that “Quantitative Easing 3” isn’t off...
The USD/CAD pair fell hard on Monday as the Federal Reserve Chairman stated that the low rates in the United States were going to be used for as long as possible, stifling the suggestion that the Fed...
The USD/CHF pair has been one that we have waiting for bullish signs on recently. The Monday action may be enough for us to abandon the idea of buying this pair, as the Dollar has been hit...
USD/JPY had a bullish session on Monday as the equity markets around the world continue to rally. The pair had recently bounced from the 50% Fibonacci retracement level of the rally from 80.
Market review for 19 – 23.03, 2012
The euro hit a three-week high vs. the US dollar on Friday, following a disappointing US housing figure. The New Home Sales figure came in at 313K, well below the 326K analysts had been forecasting.
The USD/CAD pair originally rose during the Friday session as the market peeked over the parity level. However, the later hours of the day saw the pair fall back below the parity level, and as a result...
