USD/CHF rose after gapping on the open Monday, but retraced a lot of that move as the markets settled down in the US afternoon. This pair is being supported by the Swiss National Bank, so selling isn’t...
The GBP/USD pair fell hard at the open on Monday, but managed a significant bounce back in the US session. This shows that there is continued support for the Pound, even as it keeps making new lows.
USD/JPY fell on Monday as traders continue to look for safe havens. However, the Bank of Japan has been very supportive of this pair lately, and one has to think that it is only a matter of...
EUR/USD fell hard on an opening gap on Monday, but bounced hard as rumors of the Greeks and the “Troika” are close to an agreement for the second tranche of the bailout money that the Greeks need.
Today will see the publication of several US economic releases, with most news focused on housing. Liquidity will likely be higher in today’s later trading as these data points are published, though the impact of Europe’s ZEW...
After the Dollar Index corrected to 76.00 ranges, it gained to currently trade at 77.80 ranges, the major trend indicates it appreciating to 79.00 ranges before resuming downwards. Double dip depression in the US is still glooming...
The Greenback continued to trade firm against most of the FX majors on the event of continued correction in the prices of most of the asset classes especially the equities. Double dip depression in the US is...
USD/CAD fell hard on Friday, and even closed at the bottom of the range. The pair is testing the 0.98 level, and we see the next 100 pips down to the 0.97 level as massive support.
The AUD/USD pair managed a bounce from the two previous hammers that it printed this week. The Friday action was positive, but not overly so. The pair looks like it is going to grind higher, so a...
USD/CHF rose on Friday, and the pair seems to be lifting slowly. The Swiss National Bank is selling the Franc anytime it rises, so buying this pair is the only way to go in this pair. The...
