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...
The EUR/USD pair fell hard again during the Tuesday session as contagion fear continues to grip the markets when it comes to dealing with the Euro. The Greek Prime Minister also has mentioned that there is going...
The market’s focus on euro zone events should not come as a surprise given the recent two year anniversary of the European debt crisis. Investors will be no less inclined after the decision by Greek Prime Minister...
The Dollar Index continued to appreciate on the event of profit taking in most of the asset classes. DXZ11 has appreciated to hit day’s high of 77.67 ranges during yesterday’s New York trading session to currently trade...
European unemployment reduces the euro rate. Asian and European trading sessions: Euro: Euro dropped against the main currencies after the release of the unemployment in Italy and in the EC in a whole. Employment volume turned out...
