The AUD/USD pair bounced from the lows on Wednesday in order to signify the support level at the 50% retracement level. The pair has been sold off significantly as of late, and the downward channel in this...
The Federal Reserve Chairman, Mr. Ben Bernanke said that the U.S. recovery was far from being complete. Asian and European trading sessions:
The Japanese yen saw gains virtually across the board during yesterday’s trading session, as risk aversion continued to dominate market sentiment. Investor fears regarding a euro-zone recession and poor US fundamentals drove the JPY to a one-month...
The USD/CAD pair shot straight up during the session on Tuesday as the oil markets fell. The “risk off” attitude came back into the markets, and the Dollar was bid up against most currencies, with the Canadian...
The AUD/USD pair fell hard in the latter hours of the Tuesday session. The market looks more and weaker over time, and as the market is sitting at the 50% Fibonacci retracement level it could be choppy...
The GBP/USD pair fell for most of the session to find the 200 day EMA just above 1.58 on Tuesday, only to bounce again to form a hammer. The market has been grinding higher lately, although grind...
The USD/JPY pair fell off of a cliff on the Tuesday session as traders ran into the safety of the Yen. The bullish thesis that we have had over the last several weeks has been beaten down,...
The EUR/USD pair fell on Tuesday as the markets sold the Euro off in general. The Spanish and Italian bonds markets saw a spike in yields as the fears of a debt crisis have obviously not gone...
Safe haven currencies, in particular the Japanese yen, started off the week on a bullish note as investors continued to digest last week’s disappointing US Non-Farm Payrolls figure. The US added just 120K jobs last month, significantly...
The USD/CAD pair has risen during the Monday session, only to fall again and form a shooting star. This market is currently trading just below the 200 day EMA, and the parity level as well. The pair...
