Confidence and trade reports from the US and Canada last week portrayed a global economy somewhat stronger than what many had expected. The balance of imports to exports last Friday revealed a growing market, with smaller deficits
The USD/CAD continued to fall during the Friday session, and now looks set to retest the parity level. The level is massive support, and far too close for comfort to sell at this level, so unless you...
The AUD/USD pair had a wildly bullish session on Friday as traders bought this pair hand over fist. The “risk on” trade was the order of the day, but one cannot help but think this move has...
USD/CHF fell again on the Friday session, but continues to hang around the recent support level. In fact, it has been somewhat impressive as it simply doesn’t want to give way. Of course the market is being...
The GBP/USD pair rose rapidly during the Friday session as traders took on more risk around the world. The 1.58 level was broken, but the later hours of the session saw this pair pullback.
The USD/JPY pair had another positive day on Friday, as traders decided to take on massive amounts of risk for the weekend. This was led by the belief that the G20 would produce some kind of solution...
The EUR/USD pair continues to run rampant and straight up during Friday’s session, proving that the market is certainly running on emotion at the moment. The hope that a solution will come out over the weekend G20...
The US Dollar and the Yen strengthened against major currencies amid growing demand for safe-haven assets. Asian and European trading sessions: Euro: After the yesterday’s rapid growth associated with the fact that Slovak political parties agreed to...
With an unusually intense news day ahead, traders are anxiously awaiting the large string of reports out of the US which should clear up the picture somewhat in regards to inflation, retail sales, and consumer confidence.
The Dollar Index flat amidst flat trading session witnessed in most of the asset classes especially the benchmark equity index of DJIA; the short-term trend is still weak till the Dollar Index does not close above 78.50...
