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...
AUD/USD rose on Wednesday as traders took on more risk due to hopes of a solution to the EU’s debt crisis. However, the pair has stopped as the first significant resistance area above the parity level.
EUR/USD had a very bullish day on Wednesday as traders continue to press forward with their belief that the EU has a solution coming in the near term. In the mean time, there really hasn’t been much...
The GBP/USD rose rapidly during the Wednesday session, as the global risk attitude of traders increased. Also, there certainly would have been some short-covering by traders as the pair bounced.
USD/CAD fell hard during the session on Wednesday, breaking several stops along the way. The pair is typically tied to the oil markets, and as a result – we normally will watch both simultaneously. Something odd happened...
The USD/CHF pair fell hard on the session for Wednesday. The pair reflected the Dollar negative attitude around the markets, but one cannot be too aggressive in buying the Franc as the Swiss National Bank is working...
The USD/JPY shot straight up during the Wednesday session as traders got enthusiastic about the rallying stocks markets. The Bank of Japan is threatening intervention any time this pair falls too much, so buying has been the...
Global reports on the trade activity and budgeting will be released today from several major economies. News of this kind tends to have a delayed effect, but volume should be heightened in today’s later trading sessions.
