The GBP/USD pair rose rapidly during the session on Monday as the 200 day moving average continued to offer support in this pair. The 1.58 level looks like the area we need to break below in order...
The USD/JPY pair fell during the Monday session as the Dollar got beaten up overall. However, the pair is starting to come close to several areas that could offer quite a bit of support, and as a...
The EUR/USD found the 1.30 level supportive yet again on Monday. The pair bounced hard, and finished the session above the 1.31 level as the support was so strong. However, the pair certainly cannot be bought in...
The euro extended its bearish trend against virtually all of its main currency rivals during yesterday’s trading session, as investor fears regarding Spanish debt led to risk aversion in the marketplace.
Investor concerns regarding Spanish debt led to an increase in risk aversion on Friday, and caused the euro to tumble vs. its main currency rivals. Furthermore, news that the Chinese economy grew at a slower than expected...
The EUR/USD pair fell hard during the session on Friday as Spanish bond yields spiked yet again. The cost of insuring those bonds is also rising, and as a result people are dumping the Euro.
The USD/JPY pair fell slightly for the session on Friday as the “risk off” attitudes hit the markets in general again. The Chinese GDP numbers came out a bit light, and as a result many traders got...
The GBP/USD pair fell hard on Friday as the world’s traders sold off risk in general. The Chinese GDP numbers fell flat, and people took risk off going into the weekend as a result. However, the reaction...
The AUD/USD pair fell on Friday as the sellers came into the various markets and got rid of risk before the weekend. The 200 day EMA is slicing through the center of the recent price action, and...
The USD/CAD pair rose during the Friday session as the “risk off” attitude came roaring back to the markets. The pair continues to find the parity level as resistive, and the market has a resistance zone all...
