AUD/USD rose slightly during a fairly quiet Monday session. The pair is approaching the 1.0250 area, and has struggled in this vicinity previously. Because of this, we aren’t willing to buy at this level.
USD/CHF continues to grind sideways after a fairly quiet session on Monday. The pair did fall originally, but just like the session on Friday, it bounced to form a hammer above the 0.93 level.
GBP/USD went basically unchanged for the Monday session as traders went back and forth in a 100 pip range. The pair currently resides in the 1.55 area, and this level has been very important lately.
USD/JPY was fairly quiet on Monday as traders started to come back from the holidays. The pair fell, but only slightly so. The 77 handle has been broken to the downside, and the support is just now...
EUR/USD had a very flat day on Monday as traders simply aren’t back in force from the holidays yet. With very little in the way of news to move the markets, they basically sat still during the...
The Dollar Index again found resistance in the ranges of 81.00. Major trend is range bound between 73.40 and 81.40; the medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though 81.40 ranges...
As we approach New Years we’ll attempt to address the major issues for 2012.
As we approach New Years we’ll attempt to address the major issues for 2012.
AUD/USD bounced on Thursday as the “risk on” trade came back into vogue. The market is very schizophrenic in its behavior lately, so this bounce isn’t a surprise anymore.
The EUR/USD fell during the session on Thursday after the Italian 10 year bond auctions came out with a lackluster performance. The yield was just under 7%, but the after auction trading in the secondary markets saw...
