The NZD/USD fell on Thursday as the risk off trade started to dominate yet again. In all reality, this pair is overbought by any standard, and as such could and should fall a bit. The pullback we expect isn’t something to...
Read MoreThe GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a consensus. The pair did find a bit of...
Read MoreThe EUR/USD pair has fallen on Thursday as the traders around the world have been punishing the European bond markets. The Italian yields were rising yet again during trading, and as such, the EUR/USD has been falling. The day...
Read MoreEUR/CHF fell again on Thursday, showing just how bearish this pair really is. However, during the day we did get a bit of a bounce, but that was reversed in late US trading. We continue to like selling this pair, and believe...
Read MoreThe AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the highly valued...
Read MoreThe USD/CAD pair fell on Thursday after falling to the lowest level since November 2007 on Tuesday, although the U.S. dollar gained back some momentum against major currencies, U.S. lawmakers continue to debate over a deal to...
Read MoreThe week ends with the release of U.K.net consumer credit, mortgage approvals and M4 money supply at 08:30 GMT. For the U.S., the 2q annualized GDP will be under scrutiny when it comes out at 12:30 GMT; then,University of...
Read MoreEUR/USD fell hard during the Wednesday session, falling straight to the 1.4350 level. The pair has tested the 1.45 level, and found it too hard to crack. If we can fall from here, the pair then will have made 4 lower highs in a...
Read MoreThe GBP/USD pair fell hard on Wednesday, totally erasing the gains that the market made on Tuesday. The pair had gotten close to the 1.65 psychological number and failed. The market is at a critical point at the moment, as the...
Read MoreUSD/JPY had a hard fall at the beginning of the Wednesday session, but then bounced just as hard as the market rose again. This formed a hammer on the daily chart, and this could be the start of a bounce. The central banks are...
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