The USD/CAD pair fell from the parity level on Wednesday as the resistance held true. However, there is a ton of support below, and at varying levels all the way down to the 0.97 handle. With this...
Following a slow trading day yesterday, traders can look forward to significant volatility today, as significant euro-zone news is scheduled to be released. A press conference from the European Central Bank, scheduled for 13:30 GMT, is expected...
Possible problems regarding exchange of Greece bonds put pressure on the
The euro dropped to a two-week low against the US dollar during European trading yesterday, as ongoing fears regarding Greece’s upcoming debt swap have boosted safe-haven assets. Other riskier currencies, like the AUD, tumbled throughout the day...
USD/CAD Rose again during the session on Tuesday as the oil markets sold off. This is the normal correlation between these two markets, and as a result no big surprise.
AUD/USD fell on Tuesday, breaking below the bottom of recent consolidation. The 1.06 level giving way was indeed interesting, but in reality the major support that should continue to see this pair higher is at the 1.04...
USD/CHF rose during the session on Tuesday as it has been doing lately. The pair has seen a lot of strong buying come into the market since bouncing from the 61.8% Fibonacci level, and the pair looks...
The GBP/USD pair fell hard on Tuesday as the “risk off” trade came back into play. There is serious concern about whether or not there will be enough participation in the “voluntary” debt write downs by bondholders...
USD/JPY fell during the session on Tuesday as the “risk off” trade came back due to Greek fears, and the news that several economies are reporting a slowdown in such places as Europe, China, and Brazil. With...
The EUR/USD fell again on Tuesday as the markets continue to worry about bond holders participation in “voluntary” haircuts in Greek bonds. If there isn’t enough participation,
