USD/CAD continued to run higher during the session on Tuesday, even as the oil markets ran higher at the same time. Normally, the Canadian dollar gets a bid on oil demand. This shows just how “risk off”...
AUD/USD initially tried to rally on Tuesday but found itself selling off later in the session. The resulting candle is a shooting star that sits just above the parity level, an ominous sign in and of itself.
USD/CHF rose again on Tuesday as the run to the US dollar continues. The Swiss National Bank is willing to work against the value of the Franc. The pair has even ran to the 0.95 level, and...
GBP/USD fell hard on Tuesday as the world continues to run to the US dollar. The pair is fairly sensitive to the global risk appetite, and as the world reenters the “risk off” trade again, it makes...
USD/JPY fell for the first part of the session on Tuesday, only to bounce hard and end the session slightly positive. In fact, the daily candle looks like a hammer, and even suggests that higher levels are...
EUR/USD has fallen hard again on Tuesday as traders continue to vote against the EU summit and the “fixes” that the leaders came up with. Also, there is the continuing threat of downgrades by all three major...
The big sell-off day for stock markets. The US Dollar and the Yen strengthened.
The USD was up across the board yesterday prior to today’s FOMC meeting. With such key events occurring near the end of last week perhaps investors took the weekend to digest the news from Europe before sending...
USD/CAD rose on Monday as the markets sold off risk in general. The oil markets fell uniformly across all grades, and as a result, the Canadian dollar got hit because of the oil export relationship.
AUD/USD got absolutely hammered on Monday as traders sold off most commodities. With the backdrop of a weakening EU and Chinese growth seemingly slowing down – the commodities markets got hit hard during the session.
