Market Review – 13/08/2011 00:32 GMT Euro rises on renewed risk appetite due to U.S. retail sales data The single currency strengthened Friday as better-than-expected U.S. retail data brought back investor’s risk appetite but price retreated after...
The USD/CAD pair rose again on Friday as the market found the oil contracts to be a bit sluggish. The oil markets are going to control the CAD for the foreseeable future, as it is a major...
The AUD/USD pair fell, and then rose on Friday as traders took on more risk in the later hours of the session. The recent consolidation area looks like it wants to be supportive of the market, and...
The USD/CHF pair continued to rise during the Friday session as trader shed the Franc in fears of an eventual peg to the Euro. (This was mentioned as a possibility by some members of the SNB recently.)
The GBP/USD rose after first falling on Friday, but fell short of closing above the 1.63 level that previously indentified the bottom of the consolidative action in the market.
USD/JPY fell again on Friday as traders attempted to push prices lower, but as with the last several days, found themselves wanting. The BoJ intervened at this level recently, and there are indications that they may be...
EUR/USD rose slightly during an uninspired session on Friday. The pair continues to drift within the downward channel, and traders are currently trading as if the market wants to figure out which currency is worse.
Risk appetites dropped.
The AUD/USD pair rose again on Thursday as the trading world continues its tug-o-war on a global scale. The AUD/USD caught a bid in a risk-seeking move, and we are presently at the top of the most...
The EUR/USD rose for a while on Thursday, but started to pull back in the later hours as the markets continue to go back and forth around the world. The pair is still grinding lower overall, and...
