USD/CHF fell hard on Tuesday as the trading world looked for safe havens. The Swiss Franc seems to be the ultimate safe haven, and as such – the pair fell drastically. In fact, it is currently testing the 0.76...
Read MoreThe EUR/CHF pair fell 350 pips on Tuesday as the trading world is running from European bond issues and anything else risk related at this point. The pair has closely tracked gold this year in an inverse direction, and as the...
Read MoreThe AUD/USD pair dropped an amazing 2 handles on Tuesday to reach the 1.08 level at the end of the day. The level represents the latest breakout, and needs to hold for the bulls to win the day as it were. Because of this, we are...
Read MoreUSD/CAD rose again during the Tuesday session, and the 0.96 handle has been breached again. The pair is still in a massive downtrend, but with all of the debt crisis issues and sovereign risk fears out there, the world is buying...
Read MoreThe NZD/USD pair fell hard on Tuesday as traders shunned the “risk on†trade, of which this currency pair is considered to be part of. The pair is still decidedly bullish, but a pullback seems to...
Read MoreThe USD/CAD pair extended its gains on Tuesday, as pessimism continued to dominate investors all around the globe, where fears from the European debt crisis spreading to Italy and Spain fueled worries, as yields on Spanish and...
Read MorePessimism continued to dominate global financial markets on Tuesday after the U.S. income report for the month of June showed personal income rose below expectations, while personal spending contracted for the first time in...
Read MoreThe market is currently stabilizing after the US government reached an agreement to raise the nation’s debt ceiling which eased the prevailing jitters over U.S. default and slowing global recovery. The Australian dollar...
Read MoreThe EUR/USD first rose, then fell during the Monday session. The fact that it has broken below the bottoms of two o hammers suggests that some kind of major support in the 1.4250 area might be getting demolished. If we manage to...
Read MoreThe USD/JPY pair had an extremely wild day on Monday as traders weigh the results of a possible debt limit deal along with the idea of a possible Bank of Japan intervention in the FX markets. The day had an extremely wide range,...
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