AUD/USD initially dipped for the Thursday session as the Aussie sold off on poor job numbers out of that country. However, as the session continued, the “risk on” trade kicked into gear, and the Aussie always gets...
The EUR/USD pair had a strong showing during the Thursday session as the European bonds auctions continue to do fairly well all things considered. However, there is a massive resistance area coming up, based upon the yellow...
GBP/USD rose again for the session on Thursday as the “risk on” trade got a boost by the successful bond auctions in Europe. The pair is highly sensitive to global risk and especially European risk as the...
USD/CAD fell on Thursday, and even managed to poke through the bottom of the massive symmetrical triangle that we have been watching lately. The breech of the uptrend line was significant, but even more important was the...
USD/CHF fell again during the Thursday session as the world suddenly feels relieved about the situation in Europe as a few bond auctions have gotten better. The pair is flowing just above the 0.93 levels, and area...
USD/JPY rose during the session as the risk appetite in the markets overall improved. The level that the pair rose from is massive support, and the pair reacted as we had anticipated.
The euro saw some steady gains in trading yesterday, as news was released that the IMF would increase its lending capacity in order to limit the effects of the euro-zone debt crisis.
USD/CAD fell for the Wednesday session as the Dollar got hit around the world. The “risk on” scenario came back into play, and people bought many of the “riskier” currencies. However,
AUD/USD broke out on Wednesday from a triangle that had kept it under pressure for the last month or so. The solid close at the end of the session foretells higher prices, and the market looks set...
USD/CHF fell hard during the session on Wednesday as traders sold off the US dollar. However, the 0.93 level is just below, and this was the site of serious support previously. Because of this, we would hesitate...
