The USD/CHF pair finally broke through the 0.80 level on Friday, and now begins a new leg down. Because we are in uncharted territory, this pair is likely to have reactions at major round numbers, so expect...
The GBP/USD pair rose again on Friday as lawmakers in the US simply cannot come to an agreement involving the US debt ceiling and national deficit. The longer this continues, the more likely we are to see...
The USD/JPY fell apart on Friday as the US GDP numbers came out poorly, and the Congress is still failing to come to any kind of consensus as to what to do about the debt limit talks....
The EUR/USD pair fell, and then rose on Friday, as traders really don’t which side of the Atlantic is worse right now. Because of this, the pair will be choppy at best. However, if the markets get...
As expected, we did see a meaningful correction on the pair last friday but the market has found some good support on top of 1,09 following the bad US GDP release.
The pair is carving out a material base on top of 0,94 by validating a double bottom on the 4-hour chart (break above 0,9530).
After a consolidation above the psychologival 0,80 support, the pair has confirmed its bearish trend with a new fresh low at 0,7850 on friday.
The pair has accelerated its decline on friday after the dismal US GDP figure. The market is likely to test its 2011 low at 76,30.
The Cable is evolving in a weekly range between roughly 1,59 and 1,66. A few weeks ago, the pair has bounced on top of the bottom of this range.
Last week, we did see the EUR/USD testing its descending trendline for the 4th time since the beginning of May.
