On Friday we received the latest snapshot from the US labor market which send equity markets as well as the US Dollar rallying as the two most important headline figures, the job number and the unemployment rate,...
GBPUSD has been in a steady downtrend in the past weeks, more so last Friday when the US released a strong NFP reading. Price has dropped from the 1.6150 area to 1.5950 where it is currently consolidating....
The USD/JPY pair broke higher during the course of the session on Friday, breaking the top of the hammer, heading into the 110 level. The 110 level above of course is massively resistive, and as a result...
The USD/CAD pair broke higher during the course of the day on Friday, going well above the 1.12 level. This is exactly what you would anticipate on the stronger than anticipated nonfarm payroll number, as the US...
The GBP/USD pair fell hard during the course of the session on Friday, crashing through the 1.60 level. By doing so, it appears that we are heading back down towards the 1.58 level, and then possibly the...
EUR/USD pair fell hard during the course of the day on Friday, slamming into the 1.25 level. That of course is a large, round, psychologically significant number. That is a major support barrier, and as a result...
The AUD/USD pair fell hard during the course of the day on Friday, testing the 0.8650 level. That level opens the door to fall the way down to the 0.85 level, and we think that in fact...
The USD/JPY pair initially tried to rally during the session on Thursday, but turned back around to form a fairly negative candle. However, we are just above the 108 level, and the fact that today is nonfarm...
The USD/CAD pair rose during the course of the day on Thursday, using the 1.11 level as support. That being the case, the market looks like it’s heading back towards the 1.12 handle, as this market is...
The GBP/USD pair fell hard during the session on Thursday, crashing into the 1.6150 area. The market looks as if it’s ready to continue going lower, but there is a significant amount of support at the 1.60...
