Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece’s status in the euro-zone. The news weighed down on riskier currencies,...
The EUR/USD pair continues to be the absolute center of the Forex world on Friday as the problems in the European Union are front and center yet again. The Greek elections have really set a lot of...
The USD/JPY pair continued to grind sideways on Friday as the support area in 80 handle looks solid. The 200 exponential moving average is currently just below the price action, and this will bring in the trend...
The GBP/USD pair fell hard on Friday as the risk appetite of the global markets continues to fall. The 1.6050 level has been supportive lately, and this is exactly where the market sits at the moment.
The AUD/USD pair fell hard on Friday as the “risk off” attitude came back into the markets because of the continuing drama unfolding in the European Union. The Aussie is highly correlated to global growth, and there...
The USD/CAD pair fell for most of the session on Friday, but had a nice bounce in the late hours to form a hammer on the parity level. The markets have taken a decidedly “risk off” tone...
At long last the EURUSD took out the support at the 1.30 area, and worked down to a low of 1.2905. Last Friday, the pair was trading at 1.2933 with hours until forex markets close for the...
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
The USD/JPY pair rose during the Thursday session as the 200 day exponential moving average acted in a supportive manner. The pair has been one that has been capturing much of the attention lately as it is...
