The AUD/USD shot straight up during the session as the “risk on” trade came back into the fold as the central banks of the world have coordinated to make the borrowing of Dollars cheaper for the banks...
EUR/USD shot straight up during the session as the major central banks around the world have agreed to reduce the costs of swapping Dollars between the banks, and can help alleviate the possibility of another Lehman Brothers...
GBP/USD shot straight up on Wednesday as traders reacted to the major central banks of the world working on lower Dollar swap costs. Essentially, this can help alleviate the potential of European banks being frozen out of...
Expectations for the meeting of the EC Ministers of Finances pushed euro up.
Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable.
The Dollar Index is trading at the previous resistance zone of 79.50 from where it sold off to 74.50 ranges during October. Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
Greetings. Let’s take a look at the EUR/JPY. Although it does seem like the long term downtrend is still in overall control, look for the pair to potentially move up to test the 105.00 area and above.
The AUD/USD pair rose above the parity level on Tuesday as the commodity trade took off. The appetite for commodities was fueled by hopes of an EU workout. The pair has lost a bit off the top,...
The EUR/USD pair spiked originally during the session on Tuesday as traders reacted to the fact that the Italians actually managed to get their bond auction off. However, they are now paying almost 8% for the 10...
GBP/USD rose on Tuesday as the “risk on” trade came back into vogue. The pair rose above the 1.56 level, and looks like it wants to build on those gains as the shooting star from Monday was...
