The EUR/USD managed a decent rally for most of the session, but pulled back later in the day. The massive fall over the past several sessions begged for a bounce, and it got it. However, with all...
Today marks the end of an era as the ECB press conference will not be led by Mr. Euro, Jean-Claude Trichet. In steps the Italian Mario Draghi who begins his terms as ECB President. Draghi has a...
Greetings. Pulling up the USD/JPY daily chart, it looks like we may see some shorter term upward movement to potentially test the strong trend line. Look for a test of the 80.00 price area. The overall trend...
Correction in the benchmark equity index of the Dow Jones Industrials propels the Greenback. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 rangesThe benchmark equity index of the...
Concerns over the interest rate reduction pressures the euro. Asian and European trading sessions: Euro: Speculations regarding the slow-down of the European growth and concerns that the ECB would reduce the interest rate during the next meeting...
The USD/CAD pair shot straight through the parity level on Tuesday as traders continued to embrace the “risk off” trade. The pair is highly sensitive to the risk parameters of global trading, and as such it will...
AUD/USD fell hard during the Tuesday session as traders both sold off risk assets and came to grips with the interest rate cut that the RBA did during the session. The Reserve Bank of Australia mentioned that...
USD/CHF rose during the Tuesday session, slamming into the 0.9000 level as the world looked for safety in the global markets. The Swiss Franc can no longer be bought for safety as the Swiss National Bank is...
GBP/USD fell hard on Tuesday as traders sold off risk in general and even broke through the bottom of the hammer from Monday. The 1.60 level gave way, and this is a bearish move in our opinion.
After intervention on Monday, the USD/JPY pair attempted a rise on Tuesday, but formed a shooting star at the end of the day. The Bank of Japan acted unilaterally, which is normally a recipe for failure, so...
