The USD/JPY essentially went nowhere during the session on Tuesday, but didn’t do so out of a lack of action. The pair had a reasonably decent range, but in the end finished pretty much unchanged.
EUR/USD rose during the session on Tuesday as the market continues to go between risk on and risk off. The LTRO results come out today, and the market expects to learn that the EU banks borrowed €500...
With the Dollar Index consistently trading below 78.40 mark, further fall to 77.20 may be expected on daily close below 78.10 ranges.Historic correlation between DX Vs DJIA is signifying USD bearishness in long-term. Dow consistently trading above...
Market review for 20 – 24.02, 2012
US Dollar depreciated against the common currency and the Cable while appreciating against the Japanese Yen and trading flat against the Swiss Franc; the Japanese Yen is exhibiting contrary trend to other FX majors wherein it has...
The euro reversed some of its recent losses yesterday, as positive German data sent investors to riskier assets throughout European trading. The EUR/USD went as high as 1.3340 before staging a downward correction during the afternoon session.
AUD/USD rose on Thursday as the bottom of the recent consolidation area held true. The 1.06 level looks very constructive at the moment, and the market simply couldn’t break down through it.
EUR/USD continued to rise on Thursday as traders continue to look at the bright side of all things European, even if the area has severe issues ahead of it for the next several years.
The GBP/USD pair rose on Thursday as the consolidation and general choppiness of the Forex markets continues. The back and forth action is solely based upon the next headline, and this pair is one of the biggest...
USD/CAD continued to dance around the parity level on Thursday as traders simply cannot move this pair one way or the other. The levels are too close to see breakouts in the near-term,
