The US dollar tumbled vs. its major currency rivals throughout yesterday’s trading session, following the most recent economic predictions from the Fed which stated that a new round of quantitative easing could be initiated if US unemployment...
The euro was able to maintain its recent bullish trend throughout the European session yesterday, as investors continued to support riskier assets as a result of strong euro-zone debt auctions earlier in the week.
The AUD/USD pair rose during the session on Wednesday as the markets priced in more “risk on” to the global trade. The pair had formed a hammer on Tuesday, and we suggested that the pair could be...
The EUR/USD pair had a back and forth session on Wednesday as the Federal Reserve has essentially taken the easy way out for the meeting. In other words, the statement said little about the possibility of quantitative...
The GBP/USD pair fell for the first half of Wednesday, but bounced again to produce a hammer. This is especially impressive as the UK officially went into recession during the session as well! Because of the resilience...
The USD/CAD pair fell somewhat significantly during the Wednesday session as the markets continue to look for yield. However, the pair is still above the 0.98 handle, and it is below there that we feel comfortable selling...
The USD/JPY pair had an eventful day during the session on Wednesday, only to end up essentially unchanged. The pair is currently right on the edge of a downtrend channel, and the piercing of it certainly would...
The euro strengthened amid positive results of auctions of Italy, Spain, and Netherlands governments’ bonds.
The euro staged a slight recovery against the US dollar yesterday, following a successful Dutch debt auction which calmed investor fears regarding the recent political turmoil in Holland. After tumbling over 100 pips earlier in the week,...
