The USD/JPY pair rose during the session on Wednesday as the market broke above the 81 handle. The recent bounce has been from just above the 50% Fibonacci level, which is just above the 80 handle itself.
The EUR/USD pair had a fairly wild session on Wednesday in order to eventually have a slightly negative day. The resulting candlestick formation looks a lot like a hammer, but it is far too stuck in traffic...
The euro staged a broad recovery during yesterday’s trading session, as the combination of a positive German ZEW Economic Sentiment and smooth Spanish debt auction generated risk taking in the marketplace.
The USD/CAD pair fell rapidly on Tuesday as the Canadian dollar made massive gains for the session. The Bank of Canada came out with a semi-bullish monetary policy report for the month of January.
The AUD/USD pair rose during the Tuesday session as the “risk on” trade came back into vogue around the world. Stock markets and commodities rose on the whole, and as a result the riskier currencies were bought...
The GBP/USD pair rose during the session on Tuesday, but failed to hang onto much of the gains for the session. The resulting candlestick looks a bit like a shooting star, and as a result it looks...
The USD/JPY pair rose for the session as the 80 level is perhaps influencing the market from just below. The 80 handle is without a doubt the most important level in the immediate area, and as long...
After a back and forth session on Tuesday, one thing can be said: The EUR/USD pair has been one that has caused quite a few headaches for many traders lately. After all, the European debt situation isn’t...
The USD/CAD pair rose during the session on Monday, poking through the parity level in order to challenge the 200 day EMA as well. This is an area that the pair has found resistive lately, and the...
The AUD/USD pair found itself slightly higher at the end of the Monday session as the pair simply bounced around for most of the session. The 200 day EMA is just above continues to pressure the Aussie...
