USD/CHF rose again on Thursday as traders continue to favor the Dollar overall. The pair tends to run inverse of the EUR/USD pair, and as the Euro went sub-1.28 during the session, this pair rose.
USD/JPY rose during the Thursday session as the worries over Europe brought out a bid for the Dollar on the whole. The market was oversold, so the bounce was somewhat expected.
With the benchmark equity index trading soft the, US Dollar continued appreciating across the board; the Common Currency has lost most against the Greenback as compared to other currencies followed by the Cable. The medium trend is...
Most of the asset classes especially the benchmark equity index of the Dow Jones Industrials, resulting in appreciation of the US Dollar across the board; the Common Currency has lost most against the Greenback as compared to...
The euro staged a downward reversal yesterday, following a German debt auction that caused investors to once again place their funds in safe-haven assets. Today, traders will want to pay attention as major market volatility is expected...
GBP/USD fell overall during the session on Wednesday as the pair reached the upper end of the recent consolidation range. The 1.57 level just above the current price has been the start of a resistance zone up...
The USD/JPY pair sat fairly still during the Wednesday session as the pair finally reached the “meat” of the support. The pair is decidedly bearish, but the Bank of Japan remains below and willing to intervene if...
EUR/USD fell again during the Wednesday session as the risk appetite was fleeting from the Tuesday rallies in equity markets around the world. The pair continues to be plagued by EU debt problems,
USD/CAD rose during the Wednesday session, but only somewhat. The daily candle looks much like a shooting star at the bottom of a fall – a sign that bearish pressure could be mounting.
AUD/USD fell originally during the Wednesday session as the “risk off” trade came back again. This makes perfect sense as the rally from Tuesday had to be reclaimed. (The markets are extremely volatile after all.)
