Yesterday I spoke about what would have to happen for the USD/CHF to be a buy, and all of those points were accomplished. The Swiss National Bank has decided to announce that they are pegging the Franc...
GBP/USD fell hard on Tuesday as traders around the globe are buying the USD for its safe haven status. The global markets are certainly nervous at this point, and when this happens, this pair falls.
USD/JPY rose rapidly on Tuesday as traders bought the USD across the board. The central bank of Japan certainly is happy about this move, and will not stand in the way of a weakening Yen, something they...
The EUR/USD pair shot straight up in the early hours of Tuesday in response to the massive 1,000 pip move in the EUR/CHF pair, but quickly faded from that move to an absolute freefall later in the...
The AUD/USD pair fell hard on Tuesday, but has slowed in the 1.05 area. The piercing of this level is certainly a negative, but the area hasn’t been completely broken at this point. The resulting candle looks...
With most traders focused on the Bank of Canada’s (BOC) impending interest rate decision, liquidity will likely be higher in today’s early trading.
Greetings. Let’s take a look at the EUR/GBP. If you look from early July, it looks like we’re forming a Contracting Triangle (CT) – which you all know by now we refer to as “continuation” triangles.
Market Review – 06/09/2011 21:59 GMT Franc plunges broadly as SNB draws line on eur/chf The Swiss franc tumbled broadly on Tuesday as the Swiss National Bank stated that it would no longer accept a strong franc...
US dollar strengthens.
Market review for 29.08 – 2.09, 2011 After the diverse trading dynamics, by the end of the previous week the greenback reinstated its safe-haven status.
