The AUD took heavy losses vs. its main currency rivals during yesterday’s trading session, falling a bigger than expected cut in Australian interest rates. The AUD/USD fell over 100 pips following the news, reaching as low as...
The US dollar extended its bearish trend during yesterday’s trading session, as investors continued to digest the disappointing US Advance GDP figure released last week. The greenback hit a two month low against the Japanese yen while...
The EUR/USD pair continued to confound traders on Monday, while not only going back and forth, but also giving everyone a little bit of what they want. Simply put, the market isn’t willing to take too many...
USD/JPY has been an interesting market lately. The technical outlook for this pair has seen wild swings in momentum, and many traders and analysts are out there preaching one thing last week and another this week.
The GBP/USD pair fell hard on the Monday session as the rally finally stalled. This wasn’t a big surprise on a day that saw so much risk aversion in general, especially since the pair has been so...
AUD/USD fell during the session on Monday as the “risk off” trade came back. The fears of recession now are back out there as the Spanish situation continues to deteriorate. Because of this, risk assets in general...
The USD/CAD pair shot straight up on Monday as traders reacted to the poor GDP numbers out of Ottawa. The Canadians reported a GDP of -0.2% m/m, while the market was expecting a reading of 0.2%.
EURUSD
After last weekend’s election in France, where the incumbent Sarkozy finished poorly, many were expecting the euro to weaken versus the USD. Such was not the case, and to the chagrin of a market loaded with shorts,...
A worse than expected Advance GDP figure sent the dollar tumbling to multi-week lows against several of its main currency rivals on Friday. The EUR/USD closed out the week at 1.3249, up close to 100 pips for...
