USD/CHF fell hard on Thursday as traders reacted to the lack of anything substantial in the Swiss National Bank statement. The markets were anticipating a raising of the floor in the EUR/CHF pair,
USD/JPY fell on Thursday as the Dollar got sold off in general. The pair has immense downward pressure on it going back a few years now, and this is why we only sell this pair. In fact,...
Greetings. Let’s take a look at the USD/JPY. It looks like the pair has started to channel from as early as August. The pair is trying to push down but it looks like the 76.00 level is...
Falling of World’s stock indices stimulated demand for safe assets.
The EUR/USD was trading below the 1.30 level for the first time since the beginning of the year. Market sentiment continues to move lower and the threat of an oncoming EU recession could drag the EUR lower...
USD/CAD rose again on Wednesday as the oil markets absolutely cratered. The selling of oil often will drive the value of the Canadian dollar down, and Wednesday wasn’t any different. The 1.03 level below could offer support...
AUD/USD fell on Wednesday as the risk off trade came back into vogue again. The parity level has been broken though, and the gap from two weekends ago looks set to be filled. The 0.97 level looks...
USD/CHF broke through the 0.95 level on Wednesday as the world still continues to buy the Dollar while avoiding a conflict against the Swiss National Bank and their distaste for Franc appreciation.
GBP/USD had a tumultuous session on Wednesday as traders continue to weigh the “risk” trade in this environment. The 1.55 level is the start of a massive support, and it runs all the way down to the...
USD/JPY rose a bit on Wednesday, but continues to be pressured to the downside overall in this market. The Bank of Japan has intervened several times in this pair, but at much lower levels. Because of this,...
