The USD/CAD had a volatile day on Friday as traders first attempted to sell it off, only to turn around and buy it back. The markets nature suggests that the run to safety will continue, which means...
The USD/CHF pair rose on Friday as traders continue to worry about debt issues in the EU, and run to the Dollar. The pair has made a new high, and as a result should move much higher.
The strong rise in the USD/JPY on Friday was certainly impressive, and many traders would probably feel fairly good about buying this pair at the moment as the Dollar is quickly becoming the currency to own overall.
The antipodean is now under pressure and we expect a new test of the key 0,94 support.
The pair is now on its way up after a bounce confirmation on parity.
The pair is trading higher after having found some good support on top of 0,86 area.
We continue to hold a bullish bias on the pair over the middle term.
The Cable follows the path of the Euro, falling down significantly over the last 2 weeks.
Risk aversion continues to dominate the market sentiment and we see plenty of room on the downside.
Yesterday’s data from the Germany was on the positive side but disappointing PMIs from Europe point to a recession in the euro zone.
