USD/CAD rose on the session for Thursday as the oil markets were a bit soft, and the risk appetite in the general markets fell. The pair has recently been in massive consolidation, and the move on Thursday...
The GBP/USD pair had a positive day on the session for Thursday as the Pound continues to gain after the Bank of England has suggested that the economy will not require further easing.
The EUR/USD pair had an important day on Thursday as the Spanish auctioned off their two and ten year bonds to a reasonable amount of demand, albeit on higher rates than the last sale.
The AUD/USD pair fell on Thursday as the risk appetite around the world fell for the session. The candle for the day went as low as the 1.03 level, a level we see as minor support. The...
The euro took moderate losses against its main currency rivals during yesterday’s trading session, following a Spanish long-term debt auction. While the auction was successful, it came at a higher than expected cost to the Spanish government,...
Technical analysis for 19/04
The euro turned bearish against virtually all of its main currency rivals yesterday, as risk aversion returned to the marketplace ahead of today’s Spanish debt auction. Additionally, a positive UK Claimant Count Change figure led to a...
The USD/CAD pair had a bullish session on Wednesday as the oil markets fell for the day. The inventory number in the United States showed a larger build than expected, so oil fell in general. Because of...
The AUD/USD pair fell for the session on Wednesday as the “risk off” trade came back. The 200 day EMA is just above, and continues to push the market down at this point. The candlestick isn’t outside...
The GBP/USD pair rose again on Wednesday as the Bank of England suggested that easing wouldn’t be a consideration going forward. The British economy has been holding up well all things considered, and because of this, the...
