EUR/USD had a very flat day on Monday as traders simply aren’t back in force from the holidays yet. With very little in the way of news to move the markets, they basically sat still during the...
The Dollar Index again found resistance in the ranges of 81.00. Major trend is range bound between 73.40 and 81.40; the medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though 81.40 ranges...
As we approach New Years we’ll attempt to address the major issues for 2012.
As we approach New Years we’ll attempt to address the major issues for 2012.
AUD/USD bounced on Thursday as the “risk on” trade came back into vogue. The market is very schizophrenic in its behavior lately, so this bounce isn’t a surprise anymore.
The EUR/USD fell during the session on Thursday after the Italian 10 year bond auctions came out with a lackluster performance. The yield was just under 7%, but the after auction trading in the secondary markets saw...
GBP/USD fell on Thursday as the Italian bond auction didn’t go as well as expected. This pushed riskier assets down, but the follow thorough just wasn’t there in this pair. Because of this, we saw the pair...
USD/CAD fell on Thursday as the oil markets rebounded from the Wednesday fall. The pair looks as if it is sitting on top of a massive support zone, and the fall on Thursday could have been exacerbated...
The USD/CHF pair originally rose during the session on Thursday, but fell later in the day as the Italians managed to get the auction off on their 10 year bonds. The yields were at just under 7%,...
USD/JPY fell during the Thursday session as the Dollar lost ground against many of the major currencies around the world. The pair has been forming a massive triangle over the last several weeks, and the bottom support...
