Housing data have been quite disappointing lately, and it is worth remembering that the sector that triggered the subprime mortgage crisis of 2007/8. The market is still sensitive to the number of negative homes. The EURUSD four...
The US dollar rallied during the session on Tuesday, breaking above the 112 level against the Japanese yen. This is an area that continues to attract a lot of attention, and I think it’s only a matter...
The US dollar rallied against most currencies during the session on Tuesday, and the Canadian dollar was no different. We are pressing the 1.24 level, an area that is resistive, and is also the scene of a...
The British pound had a soft session on Tuesday, breaking below the 1.3450 level. The market looks as if it is ready to continue drifting a little bit lower, but I’m not expecting any type of meltdown....
The EUR/USD pair fell again on Tuesday, as we have broken below the 1.18 level. This is a market that seems to be rather negative, after the German elections showed just how divided the European Union is....
The Australian dollar fell significantly during the session on Tuesday, as the markets continue to look tenuous at best. Remember, the Australian dollars highly correlated to gold, and of course the overall “risk on” attitude in general....
EURJPY has been trending higher recently, with a rising trend line connecting the lows on the 4-hour time frame. Price is moving close to testing this support area, which lines up with the 61.8% Fibonacci retracement level...
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave (W) ended at 88.44 and Minor...
The USD/JPY pair gapped higher at the open on Monday, only to turn around and pullback to fill the gap. The 112 level has offered support, and it looks as if we could see buyers jump back...
The US dollar fell slightly against the Canadian dollar during the Monday trading hours. The market looks likely to continue the volatility that we have seen as of late, and I recognize that the markets are testing...
