The AUD/USD pair fell again on Wednesday as the commodity trade stalled on the whole. The Aussie always tends to benefit from the commodity trade, and as it falls – so does the Aussie dollar. The area...
The USD/CHF pair rose on Wednesday as the resistance level at 0.9250 gave way. The level is the point we needed to see cleared to believe the recent consolidation has been broken through, and as it has...
The GBP/USD pair fell during the Wednesday session, but failed to break below the 1.56 level. The pair continues to look weak as the market presses against the supportive area.
The USD/JPY pair continued to rise in Wednesday session as the massive move up continues. The pair is in the middle of a trend change, and now we have the moving averages confirming this.
The EUR/USD pair fell for most of the session on Wednesday to test the 1.30 support level. The area is actually a 200 pip “thick” zone, and as such we don’t consider it broken until we get...
Investors took positive US retail and core retail sales figures, both released yesterday, as further evidence of growth in the world’s biggest economy. As a result, the USD/JPY shot up to 82.83 during the afternoon session, a...
The USD/CAD pair fell for the session on Tuesday as the “risk on” attitude came back into the markets. The parity level above continues to push prices lower in this pair, and as a result this pair...
The AUD/USD pair fell during the Tuesday session to form a second hammer in a row. The pair looks healthy at this point, and the 1.05 level seems to keep offering more buyers. The pair is bullish...
The USD/CHF pair rose during the Tuesday session as the Dollar got a bid in general. The Federal Reserve offered no real hint at QE3 during a statement on Tuesday, and this suggests that the US economy...
The GBP/USD pair rose during the session on Tuesday as the Federal Reserve suggested that the economy is getting slightly better in the United States. However, there was no mention of quantitative easing, and because of this,...
