USD/JPY fell for most of the session on Tuesday, but managed a bounce to form a hammer just above the now obvious support area at 76.50 or so. The level is the bottom of recent consolidation going...
The EUR/USD pair rose over the session on Tuesday as the markets were in the “risk on” mode for most of the day. The Euro is simply far too weak and toxic at the moment to own...
Correction in the Dollar Index continues on the event of strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials. The medium trend is bullish till 80.00 ranges are holding on weekly...
The good news for the Euro: France placed its government bonds on 8.59 billion
Market review for 09 -13.01, 2012
The combination of a worse than expected Italian debt auction and the credit downgrading of several euro-zone countries on Friday, caused the euro to slip to fresh lows once again before markets closed for the week.
USD/CAD rose during the session on Friday as the triangle that contains this market continues to work. The candle for the day looks reasonably strong, but until we get a breakout to the upside of the triangle,...
AUD/USD fell originally for the session on Friday, but managed a bounce later to form a hammer. The candle is sitting just below the vital 1.04 resistance line, an area that has contained the market for quite...
USD/CHF rose for the Friday session as traders reacted to rumors around the markets that the French were about to lose their AAA bond rating by S&P. The move happened, and as a result the European currencies...
GBP/USD fell hard for the session after first rising on Friday. However, the pair did finish slightly lower to form a doji after all was said and done. The indecisions is in concert with a massive support...
