Today’s publications are set to be euro-heavy. Liquidity will likely be higher in today’s early trading as several European events are being published in rapid succession. Most significant will be the publication of France and Germany’s flash...
Market Review – 20/08/2011 03:25 GMT Yen surges to a fresh all-time high against dollar before recovering The Japanese yen briefly rallied to a new record high versus the dollar on Friday on comments from the Japanese...
The USD/CAD pair had a wild day on Friday as the market sold it off, and then bought it later. The resulting candle looks somewhat similar to a hammer, but is in the middle of consolidation.
The AUD/USD initially rose on Friday, but was pushed back at the 1.05 level as trader began to sell off everything risk related again. The pair now sits a little bit above the 1.03 area, which could...
The USD/CHF pair had a fairly quiet day on Friday, even though the stock markets weren’t quiet at all. The pair is being artificially held up by the Swiss National Bank at the moment, and the lack...
The GBP/USD pair rose above the 1.65 area again on Friday, and fired off a lot of stops in that area. However, it should be noted that the area also produced a shooting star, and this could...
The USD/JPY pair fell hard on Friday, especially during the US session. The pair is suffering from the “flight to safety” trade at the moment as traders buy the Yen in droves around the world.
The EUR/USD rose on Friday, but managed to find the top of the recent downtrend channel resistive. The pair looks like it is stuck between two levels at the moment, the 1.4250 and 1.45 levels. The market...
The pair has been pulling back significantly over the last 2 weeks after a significant breakout of a long term rising trendline. The Aussie might be under pressure going forward considering the overall market shift towards risk...
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 which resulted in a 500 pips rally and a test of parity. We consider that a major bottom is now in place.
