GBP/USD rose during the session to the 1.60 level as an official from the Bank of England suggested that further quantitative easing may not be necessary. This of course was positive for the Pound, and this pair...
USD/JPY rose again on Wednesday as the Dollar gained against most currencies. The “risk off” trade came into play in full force after several central banks essentially said there may be less quantitative easing than expected.
The EUR/USD pair essentially fell off of a cliff on Wednesday as the Federal Reserve Chairman rocked the markets by not suggesting any form of quantitative easing during his congressional question and answer session.
Following a hectic trading day yesterday, which eventually saw the euro tumble against its main currency rivals, traders can once again expect market volatility today.
The European Central Bank allocated 500 billion euro for the European banks. Asian and European trading sessions:
Yesterday saw little significant movement among the main currency pairs, as investors eagerly await the results of the European Central Bank’s (ECB) latest round of long-term refinancing, set to be announced today.
USD/CAD fell on Tuesday as the shooting star from the Monday session triggered technical selling. The area the pair is in has been very consolidative, and as long as that remains so, we see no real longer-term...
AUD/USD fell initially during the Tuesday session, but managed a comeback as the end of the day drew near. The resulting candle is a hammer, and it is currently pressing against the top of a bullish flag,...
USD/CHF fell again on Tuesday as the Dollar got sold off in American trading overall. The pair is just under the 0.90 level, and it should be said that the 6.18% Fibonacci level is in the area...
GBP/USD rose during the session on Tuesday as traders decided to take on a bit more risk. However, the pair is at the top of the recent consolidation, and as a result caution should be taken.
