USD/CAD bounced on Friday as traders got rid of the “risk on” trade in droves. The bounce went straight to the 1.02 resistance level, and it looks like we could see consolidation at this point. The 1.03...
AUD/USD had an initially weak session on Friday, but bounced in later hours as the Americans went hunting for values. The pair looks like it is finding support in the form of 1.03, and as such could...
USD/CHF rose during the Friday session as traders continued the bearish tone of the markets late in the week. The pair used to fall in a “risk off” environment, but that was before the Swiss National Bank...
GBP/USD fell on Friday, but managed to pop back above the 1.60 support level again. The later ours saw the surge, and this appears as a sign that the pair wants to jump above. The area of...
The USD/JPY pair rose a bit during a very volatile session on Friday. However, the decided direction of this pair is down, and nobody expects that to change. A couple of failed interventions are all that the...
EUR/USD fell during the Friday session, but closed the day on a positive note as traders covered shorts in this pair. The Greeks are voting on the confidence in their Prime Minister, and now the Italians are...
Greece’s Finance Minister: the referendum would not be held. Asian and European trading sessions: Euro: During the Asian trading session the euro fell by 0.8% from the three-week low against the dollar. Today’s ECB meeting was in...
The beginning of the month is typically highlighted by the release of the non-farm payrolls report though market participants are focused on the events in Europe. Yesterday ECB President Mario Draghi offered some relief with a surprise...
AUD/USD had a strong day on Thursday as traders celebrated the cancelling of the Greek referendum. The risk trade came back, and as always – the Aussie benefits. The 1.05 level above is still a massive resistance...
Even with an interest rate cut, the EUR/USD managed to rise at the end of the session. With the Greeks and their teenage-like drama unfolding, the markets are being held hostage by a completely dysfunctional government at...
