USD/CHF fell hard on Tuesday as another round of “everything is suddenly alright” seemed to hit the markets. The Dollar got sold off, but as we have seen several times recently, these are simply opportunities to buy...
GBP/USD rose sharply during the Tuesday session as traders bought the “risk on” story for the day. However, we have seen this story before, and know how quickly things can change in these markets. The pair is...
USD/JPY continued to dive on Tuesday as the Dollar was sold off in general. The pair is in a massive bear market, so this coincides with the overall trend as well. The breakdown has been brutal, and...
EUR/USD rose on light volume during the Tuesday session. The traders came back to the floors around the world, and as is usually the case – optimism reigned at the start of the New Year. However, traders...
The Dollar Index succumbed to profit taking after hitting historic resistance zone of 81.00 ranges and is currently trading at 79.90 ranges. The medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though...
Concerns over the euro-zone debt crisis pushed the common currency to new lows yesterday during the first trading day of 2012. The EUR/JPY fell as low as 98.71, a 10-year low for the pair.
USD/CAD sat still during the session on Monday as the oil markets also experienced very little in the way of action. The real volume will pick up after this week, so the markets could be a bit...
AUD/USD rose slightly during a fairly quiet Monday session. The pair is approaching the 1.0250 area, and has struggled in this vicinity previously. Because of this, we aren’t willing to buy at this level.
USD/CHF continues to grind sideways after a fairly quiet session on Monday. The pair did fall originally, but just like the session on Friday, it bounced to form a hammer above the 0.93 level.
GBP/USD went basically unchanged for the Monday session as traders went back and forth in a 100 pip range. The pair currently resides in the 1.55 area, and this level has been very important lately.
