The EUR/USD pair is climbing early in today’s US session in a morning filled with events. Read more >>
The EUR/USD is on recovery mode early in today’s Asian session, after it slipped yesterday on strong US economic data. Read more >>
The EUR/USD pair opened on a weak note today, but eventually picked up during the European session. During the Asian session, the pair opened at 1.3627, before sliding down and settling just under the 1.3620 area. Read more >>
It’s been a choppy day for the EUR/USD pair even after the release of Germany’s Gross Domestic Product (GDP) figures. The pair has been trading in a tight range today within the 1.3642 and 1.3652 areas. Read more >>
The euro tumbled in today’s trading as the ZEW Surveys for Germany and the European Union came out poorly. Read more >>
The greenback is currently gaining strength, dragging down majors that are trading against it. Read more >>
The market is currently on a wait and see mode ahead of Fed Chairwoman Janet Yellen’s speech later today (2PM, GMT). Read more >>
The AUD/USD pair rallied today after the release of the Reserve Bank of Australia’s (RBA) monetary policy statement, which announced that it would maintain rates at 2.5 per cent. Read more >>
The EUR/USD pair broke past the 1.3850 again during today’s European session after the release of a number of CPI-related data in Europe. Read more >>
The GBP/USD pair went off to a great start today as it reached a high of 1.6816 after opening at 1.6806, but was dragged down immediately by the United Kingdom’s disappointing GDP figures. Read more >>
After what seemed a very long weekend, major financial markets re-opened today, giving currencies plenty of chance for movement. Read more >>
The weak greenback is currently struggling against a number of major currencies in today’s trading. Read more >>
Most of today’s financial markets are closed in observance of Good Friday. As such, no big movements in currencies are expected today. Read more >>
The Philadelphia Fed Manufacturing Survey helped lift the greenback against a number of currencies in today’s US trading session. Read more >>
The EUR/USD pair took a nosedive under the 1.3800 area today after the release of the mixed ZEW Survey. The EUR/GBP pair was also affected by the result of the survey, as well as the positive series of data that came out of the United Kingdom earlier. Read more >>
The USD/JPY pair continued to slide down in today’s Asian session ahead of the BoJ interest rate decision. Read more >>
The euro fell on Thursday when European Central Bank (ECB) President Mario Draghi said that they are willing to use unconventional means in order to help raise the region’s inflation rate. Read more >>
The EUR/USD pair continued to slide in today’s trading after the release of poor PMI figures in the region. Read more >>
The EUR/USD pair made a sharp decline in today’s European session, continuing a trend that began last week. Meanwhile, the GBP/USD pair benefited massively from the United Kingdom’s better-than-expected retail sales data for February Read more >>
The AUD/USD pair went on a roll in today’s Asian session after stimulus talks began brewing in China. Read more >>
Japan posted disappointing Trade Balance figures for February today, although it did little to affect the USD/JPY pair. Read more >>
The EUR/USD opened today’s London session on a weak note, dropping under the 1.3885 area. Read more >>
The EUR/USD pair continued to struggle in today’s trading after European Central Bank (ECB) President Mario Draghi’s speech yesterday. Read more >>
The AUD/USD pair returned to the 0.9000 level today after Australia posted better-than-expected jobs data. Read more >>
The AUD/USD showed how vulnerable it remains to changes in China’s economy after a series of events in the Asian country yesterday and today. Read more >>
The AUD/USD pair opened this week on a weak note due to the combination of the strong USD and the weaker-than-expected Chinese data. Read more >>
Today’s Asian session has been a good one for the aussie, as Australia and China released a series of positive data. Read more >>
Talk about the aussie’s ‘historically high’ value returned to the Reserve Bank of Australia’s (RBA) statement earlier today after not being mentioned for the past several months. Read more >>
Fed Chairperson Janet Yellen’s dovish testimony led to a weaker greenback late in yesterday’s session. She emphasised the need for the Fed’s constant monitoring of the economy in order for them to decide their next move with their QE tapering. Read more >>
The AUD/USD pair slid under the 0.9000 zone once again after Australia posted disappointing Private Capital Expenditure (Capex) data. Read more >>
The EUR/USD pair went off to a pretty rough start at the opening of the European session, despite the positive Gfk Consumer Confidence Survey for March. Read more >>
Positive IFO data from Germany, and the European Union's (EU) Consumer Price Index (CPI) figures helped give the euro a boost in today's European session. Read more >>
The Nikkei's positive performance earlier today helped set the tone for the USD/JPY's direction at the moment. Despite that, however, the pair is struggling to breach past the 102.50 area. Read more >>
A flurry of activity is expected as the day progresses due to the market's anticipation of the US FOMC minutes. The minutes, which will be released at 7:00PM GMT today, will be accompanied with a number of other US events. Read more >>
China is set to release its Consumer Price and Producer Price Indices in less than an hour. Analysts don't expect it to create much on an impact particularly on the aussie as inflation isn't much of a great concern in the country at the moment. Read more >>
China beat expectations after it released its trade balance figures for January earlier in today's Asian trading. It came out at a whopping $31.86 billion, which was significantly higher than the expected $23.65 billion. Read more >>
It's 'risk on' mode in Europe today ahead of Fed Chairwoman Janet Yellen's speech later (3:00PM GMT). This helped lift the EUR/USD pair near the 1.3700 again, a level not seen since late January. Read more >>
It has been a quiet Asian session today, primarily due to the lack of major events throughout the day. In the case of the AUD/USD pair, it has been on a slow but steady decline after a late, albeit stellar, run on Friday last week. Read more >>
After a steady performance between the 0.8940-0.8980 areas yesterday, the AUD/USD pair took a surprise dive earlier today, with no apparent trigger for the move. Read more >>
Yesterday was a fairly volatile day for the EUR/USD pair as it traded from lows of 1.3500 to highs at the 1.3550 area. The pair peaked at 1.3555 late in the European session, but was quickly dragged down after the release of the US ADP Employment Change in January. Read more >>
The AUD/USD pair opened today's Asian session on a soft note, mostly due to profit-taking. Yesterday, the aussie rallied against the greenback after RBA Governor Glenn Stevens took a neutral stance on its interest rate, saying that it would maintain rates at 2.5%. Read more >>
The European Union's better-than-expected Manufacturing PMI in January helped lift the euro against the greenback in today's European session. Read more >>
Turkey sent shockwaves around the world as it decided to raise its lending rates to 12%. The move was primarily aimed at reviving the value of the Turkish lira, which fell by as much as 5% in January. Read more >>
The EUR/USD pair continued to move within a tight range just below the 1.37 area during today's session. However, there has been a sharp rise in the pair just before the opening of the European session, and is currently trading at 1.3695. Read more >>
Reserve Bank of Australia (RBA) board member Heather Ridout said earlier today that the aussie "hasn't fallen far enough." According to her, the fair value should be at USD0.80. Read more >>
A combination of a weak aussie and a greenback that's gaining momentum led a to a slide in the AUD/USD pair. The decline began around the middle of yesterday's session and has so far continued to this day. Read more >>
ECB President Mario Draghi stated that the bank is prepared to make "further decisive action" if necessary after stating the it would maintain rates at 0.25%. Read more >>
The greenback ended Monday's trading session weaker after the release of a lower-than-expected ISM Non-Manufacturing Data. Read more >>
The EUR/USD pair opened on a weak note in today's Asian trading at somewhere around the 1.3580 level. One of the reasons for this is the continued weakness of the European Union's (EU) economy as a whole. Read more >>
The combination of the beginning of the Fed's QE program and weak European data sent the EUR/USD pair tumbling down in yesterday's trading. Read more >>
Reserve Bank of Australia (RBA) Governor Glenn Stevens gave a speech earlier before the House of Representatives' Standing Committee on Economics. However, he said nothing that was already said over the previous weeks. Read more >>
Today will be a busy day for the euro, as several events in the region are up today. France already released its PMI data earlier, with the Manufacturing PMI down from 48.4 to 47.1, while the Services PMI was down from 48.0 to 47.4. Read more >>
A combination of poor data from the EU, and mixed data from the US dragged down the EUR/USD on Thursday's session. Read more >>
The EUR/USD pair broke past the 1.3750 barrier early in today's Asian trading, which sent it to new highs not seen since late October this year. Read more >>
While the yen showed signs of strength during yesterday's trading, it weakened once again today after talks that Japan's Good would make moves to weaken the yen. Read more >>
The market was caught by surprise today when Australia showed a better-than-expected capital expenditure (Capex) data. Read more >>
The EUR/USD finished yesterday's session strong, as it was able to peak at around the 1.3570-1.3575 area. However, the pair opened slightly lower in today's session around 1.3560. Read more >>
The release of the Bank of Japan's monthly policy meeting minutes helped stop the USD/JPY's slide that began yesterday. Read more >>
While the EUR/USD ended on a positive note last week, it began sliding once again after ECB governing council member Ardo Hanson talked about negative deposit rates. Read more >>
The EUR/USD pair hovered at around the 1.4000 zone in today's trading as the market awaits important PMI reports coming from Europe. Read more >>
The highlight of today's Asian trading is without a doubt Ben Bernanke's speech to the National Economists Club in New York. According to the Fed Chairman, they will continue to maintain "highly accommodative policies for as long as they are needed." Read more >>
The Reserve Bank of Australia (RBA) earlier released the minutes of its monetary policy meeting for November. As expected, it kept the same neutral tone it had in its past statements. Read more >>
In a surprising move, the European Central Bank (ECB) announced yesterday that it would cut interest rates by another 25 basis points. The cut brought down rates to 0.25%. Read more >>
The EUR/USD pair continued its slow and steady slide early in today’s Asian trading. This is still due to the combination of yesterday’s weak data from Europe and positive ones from the US. Read more >>
Earlier today, the Governor of the RBA said in a statement that the cash rates would remain unchanged at 2.5%. However, the takeaway in the statement for most traders was the mention of the aussie being ‘still uncomfortably high’. Read more >>
The EUR/USD pair bounced back to around the 1.3500 level in today's trading, albeit temporarily. This boost came after it dipped sharply last week amid speculations that the European Central Bank (ECB) would announce further cuts to its interest rate. Read more >>
The FOMC’s statement yesterday helped strengthen the greenback, which in turn prevented any significant effect on the currency’s performance in today’s trading. This is despite less-than-stellar US data that came out earlier. Read more >>
A number of important reports came out of Europe and the US today, but hardly made a dent on the performance of the EUR/USD pair. Read more >>
Germany's disappointing IFO data for October dragged down the EUR/USD pair in today's trading. From 104.2, expectations fells to 103.6, which was lower than the expected 104.5. Read more >>
The EUR/USD pair sank in today's trading after a series of disappointing PMI data was released in Europe today. The Eurozone's Marikit Manufacturing PMI for October, for example, was at 51.3, slightly lower than the expected 51.4. Read more >>
The main driver in today’s trading is likely to be the US Nonfarm Payrolls data for September. The release of the data was delayed due to the two-week impasse in the US government. Read more >>
The aussie made a massive rally against the greenback in yesterday's trading as the USD fell across the board. This helped the AUD/USD pair reach 4-month highs at the 0.9600 level. Read more >>
The release of the Reserve Bank of Australia's (RBA) minutes of its meeting on October 1 helped boost the aussie against the greenback early in today's Asian trading. Read more >>
The AUD/USD pair fared well so far despite the soft trade balance data from China which was released in the weekend. Read more >>
Lower-than-expected employment change in Australia triggered a drop in the value of the AUD/USD pair. From the previous -10,200, it rose to 9,100. It was a good number but fell short of expectations at 15,000. Read more >>
The yen lost some ground against the greenback during today's session. The USD/JPY pair initially fell sharply a little above the 96.60, before picking up again prior the opening of the European session. Read more >>
After the EUR/USD pair reached highs at the 1.3640 zone late in last week's trading, it eventually fell in the sub-1.3600 level and has struggled to regain last week's levels in today's trading. Read more >>
News from Westpac and RBS hint that Australia might soon follow New Zealand's lead and increase interest rates in the near future. Read more >>
The EUR/USD pair continued to rise in today's session, breaking past the 1.3610 level around the early part of the Asian session. Read more >>
It's just the first day of October and a lot has happened already during the Asian session. The US has partially shutdown its government after failing to reach an agreement on the health care law proposed by US President Barack Obama. Read more >>
The greenback remained weak, but was able to drag down the aussie and the euro late in today's session. Check out the details in this post. Read more >>
The greenback gained strength earlier today after FOMC board member Esther George said that the fundamentals of the US economy has improved significantly. Read more >>
The EUR/USD pair has so far hovered between the 1.3510 and 1.3530 zones in today's trading due to the lack of significant data coming from Europe. Read more >>
The EUR/USD pair slipped below the 1.3500 over the past few hours and is expected to slip further in the short term due to positive sentiment on the USD. Read more >>
It has been a quiet session in Asia today due to the lack of significant data and reports. The only exception is the US consumer confidence data, which will come out later today (2:00 PM, GMT). Read more >>
The aussie rallied against the greenback today after the release of the HSBC Manufacturing PMI in China, which rose from the previous 50.9 to 51.2. Read more >>
The EUR/USD pair has remained flat at around the 1.3535 level in today's trading. This happened after the FOMC meeting on 18 Sept wherein no QE tapering announcement was made, which weakened the greenback. Read more >>
The dovish statement from the FOMC, which decided to maintain its QE programme, has weakened the greenback against the euro during yesterday’s session. Read more >>
The EUR/USD pair received a major boost today after Larry Summers withdrew from the running for Fed chairman. This left Janet Yellen as the main contender for the position, which would replace outgoing Fed chairman Ben Bernanke. Read more >>
The EUR/USD and AUD/USD pairs continued their respective ascent in today's trading after China released a series of positive economic data. Meanwhile, a weaker yen led to a higher EUR/JPY pair. Read more >>
The greenback showed strength against other currencies just ahead of the Nonfarm Payrolls announcement later today (12:30PM GMT). Read more >>
The release of the Fed's Beige Book yesterday showed only moderate improvement in the country's economy in July and August, giving way to an uptrend in the EUR/USD pair. Read more >>
The market heaved a sigh of relief as the UK’s House of Commons rejected an attack on Syria, voting 275-235. Meanwhile, the EUR/USD pair remained flat today after Germany posted disappointing Retail Sales data (MoM, July). Read more >>
The USD traded stronger against most major currencies yesterday due to the continuing uncertainty on the rumored US military action in Syria. Read more >>
The AUD/USD pair sunk below the 0.8960 after the release of disappointing construction data, while the USD/JPY remains low, and the EUR/USD has made a quick recovery after falling significantly yesterday. Read more >>
The greenback fell during the European session as the US released disappointing durable goods orders data. Read more >>
As expected, the EUR/USD pair experienced a lot of volatility after the release of the FOMC minutes. Meanwhile, the AUD struggled against the USD and JPY despite positive Manufacturing PMI from China. Read more >>
The EUR/USD has so far maintained trading at the 1.3300 level, while the GBP/USD continued its rally above 1.5600. Check out the details in this article. Read more >>
The AUD/USD, GBP/USD and EUR/USD pairs enjoyed a strong start in today's Asian session. Check out the details in this report. Read more >>
Find out which currencies rose and which ones fell so far in today's trading session. Read more >>
The EUR/USD has made a slight recovery today breaking beyond the 1.3310 level so far. This was after the pair dropped to this week's low at 1.3278 during yesterday's trading. Read more >>
Today's trading is expected to be a quiet one, although it should pick up starting tomorrow, Tuesday, with a number of data coming from Germany, the UK, EU, and the US. Read more >>
The greenback suffered in today's trading after Atlanta Fed Bank President Dennis Lockhart said that the initial cut in its bond-buying program could happen at any of the three remaining policy meetings for the year. Read more >>
The US ISM services PMI went up to a better-than-expected 56.0 in July, helping boost the greenback against major currencies, at least temporarily. Read more >>
The greenback rallied early in today's session as traders expect positive NFP and unemployment data from the US. Read more >>
The AUD/USD pair continued its slide yesterday during the European session where it fell below the 0.9000 level. Meanwhile, the EUR/USD and USD/JPY pairs have remained flat so far this week. Read more >>
The EUR/USD pair has shown an impressive run in this week's trading, peaking at just below the 1.3300 level late in yesterday's US trading. Analysts expect the pair to test the 1.34/1.35 levels soon. Read more >>
The aussie and the yen fell in today's trading after China announced weak PMI data. Read more >>
The combined strength of the yen and the weak greenback caused the USD/JPY and the EUR/JPY to slide further early in today's Asian session. Meanwhile, the EUR/USD pair is seen to break beyond the initial resistance at 1.3250. Read more >>
The EUR/USD, AUD/USD, and the GBP/USD have been on a good start today, while the USD/CAD has seen a steady drop in today's session. Read more >>
There were massive sell-offs in Nikkei futures today leading to weaker greenback and yen. Meanwhile, the RBA might cut rates further to 2% in the coming months, according to Westpac. Read more >>
Fed Chairman Bernanke's testimony yesterday didn't make a big impact as it only echoed previous statements from the Fed. Check out this article for details. Read more >>
The EUR/USD and AUD/USD slipped while the USD/JPY rose early in today's trading. Plus, traders anticipate Ben Bernanke's speech later today. Read more >>
The aussie has made a slight recovery against the greenback and the euro after the less-than-dovish minutes of the RBA meeting. The EUR/USD, meanwhile, remained flat in this week's trading. Read more >>
The AUD/USD fell in today's trading after disappointing data from the EU and China. Plus, updates on the EUR/USD and GBP/USD at the start of the European trading. Read more >>
See how the USD/JPY, AUD/USD, EUR/AUD, and the EUR/USD fared so far in today's trading. Read more >>
In its report released today, NAB said that the expected rate cut in Australia might come earlier due to the poor economic performance of the country. Read more >>
The EUR/USD and GBP/USD fell after yesterday's interest rate decisions from the ECB and BoE. Meanwhile, the AUD/USD recovered slightly after a sharp fall in yesterday's trading. Read more >>
The market awaits interest rate decisions from the BoE and ECB today. Read this articles on what to expect. Read more >>
The aussie slid against the greenback after today's interest rate decision from the RBA. Check out this report for more details. Read more >>
It's a fairly quiet trading day today, but traders await data from the UK and US. Read more >>
How did other currencies fare after the greenback's rally? Check out news on the EUR/USD, AUD/USD, USD/CHF, and USD/JPY pairs here. Read more >>
The USD rallied against several currencies after the Federal Reserve maintained its rates at 0.25%. Read more >>
Today's announcement from the BoE declared no change in the interest rate, and also decided to keep stimulus at £375 billion. Read more >>
The AUD fell against the USD in today's Asian trading after the release of the RBA's minutes. Plus, EUR news and Wednesday's FOMC meeting. Read more >>
After starting the week with a somewhat upbeat tone, the AUD fell sharply against the USD in today's trading. Read more >>
The USD continued to falter yesterday after the release of the US ISM Manufacturing PMI data. Read more >>
The greenback slid against several majors today after the release of disappointing US GDP figures. Read more >>
The aussie has recovered from yesterday's beating from the greenback, after positive news came out from Australia. Read more >>
The AUD continued to struggle against the USD in today's Asian session, while the EUR fell vs the greenback yesterday. Read more >>
The EUR/USD and AUD/USD continues its downtrend, while the USD/JPY undergoes volatility. Find out more here. Read more >>
The EUR/USD soars to 1.2930 today ahead of Bernanke's testimony. Meanwhile, the USD/JPY moves within a narrow range prior to BoJ Governor Kuroda's press conference later today. Read more >>
Check out updates for the USD/JPY, EUR/USD, and the AUD/USD today. Read more >>
The USD/JPY pair has so far remained at a little over 102.20 in today's session, the same position it was during at the opening of the Asian session yesterday. Read more >>
The EUR got a boost from yesterday's Industrial Production data from Germany, while the GBP sees volatility ahead of the BoE's interest rate decision. Plus, the AUD rose during today's Asian session. Read more >>
The Australian Dollar fell sharply today after the Reserve Bank of Australia (RBA) announced an interest rate cut of 25bps. Read more >>
Find out what important economic news are coming up this week, May 6-10. Read more >>
Wait and see. That's pretty much the approach traders have taken so far this week prior to the ECB's interest rate decision that will be announced a few minutes from now. Read more >>
Find out how the USD/JPY and the EUR/USD fared so far in today's trading. Read more >>
Important announcements are up this week. Check out what these are in this post. Read more >>
This week so far has seen the EUR/USD pair move pretty much sideways after last week's surprise rise to 1.3170 levels. Read more >>
Currencies paired against the JPY are currently seeing gains after last week's G-20 meeting. Read more >>
While the foreign exchange market is open 24 hours every day, there tend to be peak activities during specific periods of time. These peaks are often experienced during major trading sessions all over the world. Read more >>
Check the latest updates on the following pairs: EUR/USD, USD/JPY, and AUD/USD. Read more >>
The EUR/USD pair is currently on a bullish trend reaching almost the 1.320 level. Read more >>
The trade balance data recently released by the Economic and Monetary Union (EMU) helped lift the Euro against a number of major currencies in the market. Read more >>
Here are some of the most important economic events for the week of Apr 15-19. Read more >>
While all three central banks--the Bank of Japan, Bank of England, and the European Central Bank (currently at 0.1%, 0.5%, 0.75%, respectively)--announced no changes in their rates, there were bigger things that need a closer inspection. Read more >>
Today hasn't been a good day so far for the EUR, as it dipped against a number of major currencies. Read more >>
The United States reported a severe decline in consumer confidence this month, despite earlier expectations to the contrary. Read more >>
Contrary to earlier reports, all banks in Cyprus will remain closed until Thursday, 28 March, including the two biggest ones, Laiki Bank and the Bank of Cyprus. Read more >>
Ailing European country Cyprus has finally reached an agreement with the Eurogroup regarding the levy on deposits below EUR100k. The portion on the levy has finally been done away with, giving Cypriots a temporary sigh of relief. Read more >>
The USD took a heavy beating this week after announcements from the Federal Reserve failed to encourage confidence in the still-struggling US economy. Read more >>
Since its introduction in 1989, the currency pair of the euro and the US dollar (EUR/USD), has become one of the most popular pairs among traders of different levels of experience. Find out why it's popular and how you can win by trading the EUR/USD. Read more >>
The euro returned to 1.3100 levels after ECB President Mario Draghi reported no change in interest rates at 0.75 per cent, a positive outlook later this year for the Eurozone. He said that while the short-term outlook for the region remained weak, a gradual recovery is seen for the second half of 2013. Meanwhile on the Australian front, the AUD/JPY cross pair neared the 98 mark, mainly due to the Yen’s poor performance as of late. Over the past 2 days, the Yen once again fell as the weakest currencies among the majors. Read more >>
For global markets, the past week has been an opportunity to rally thanks to the Greek bailout “deal”. We use the work “deal” sceptically as we have serious reservations that what occurred in Brussels truly amounts to a silver bullet. Read more >>
So it’s 2012 and a new year but it also feels a lot like late 2008 déjà vu! The markets were hanging on every word out of the multiple meetings in Europe in the lead up to Christmas hoping for some sort of resolution Read more >>
While the FX market takes a breather over the festive season, we thought it might be a good time to reflect on the year that was and what we might expect to see in 2012. Read more >>
The always readable and affable Bill Gross from Pimco was back this week with an instalment of no less than 3 new articles hitting the web. One which caught our eye here at FX Strategy was titled ‘The Euro may fall – and take the U.S. recovery with it’. Read more >>
For those of you who are not familiar with the two most famous economists of the 20th century, John Maynard Keynes and Milton Friedman had competing theories about how economies should be managed in times of crisis. Their theories are still at the forefront of almost all major economies in one way or another. Read more >>
Things have gone real bad in Europe for a very long time. The issues in Greece and Italy are a legacy of bad financial policy over a number of years. But change is in the air. Read more >>
Henkel makes an interesting case for the strong European countries (namely Austria, Finland, Germany and the Netherlands) to exit the Euro and to form their own currency. Read more >>
USD/CHF is one of the more interesting plays out there currently, and probably one of the least known. EUR/USD originally rose during the previous week, but fell in the end. The shooting star at the bottom of a recent down move signals that perhaps we can continue to fall. The 1.26 level is key though. The USD/JPY pair is starting to show support at 76.50 again, but is simply not moving...... Play video >>
EUR/USD formed a hammer by the end of the week, with many traders celebrating some of the successes coming out of the EU in reference to resolving the debt issues there. The pair does look to have a limited upside though. USD/CAD formed a shooting star for the week, but is sitting just above the parity level - an area that has been very supportive as of late. Again - limited moves more than likely, especially with oil getting so close to $100. AUD/USD looks very much like EUR/USD. Our prognosis? Choppy news driven trading for the week. Again. Play video >>
EUR/USD had a bit of a bonce during the Thursday session, but is far from retracing the losses seen on Wednesday. The EUR/CAD sits right above the 1.38 level again, and looks weak as we are at the bottom of the recent range. Play video >>
NZD/USD fell back below the 0.8000 level over the past week, but did print a hammer on the Friday close. USD/CAD busted back through the parity level, and looks like it wants to challenge the 1.02-1.03 levels. EUR/USD had a bearish week as well. Play video >>
EUR/USD had a positive day for the Wednesday session, but it shouldn't have come as a surprise after the massive fall earlier in the week. EUR/AUD acted very much the same. Play video >>
EUR/USD fell hard again during the Tuesday session as the market continues to express fears in the European debt markets. EUR/JPY continues to crater, even with the Bank of Japan's recent intervention. In fact, this pair is falling faster than most now, and it appears the intervention will undoubtedly fail soon. Play video >>
EUR/USD fell hard during the Monday session as the EU's bailout deal faces more and more scrutiny. EUR/AUD looks absolutely horrible. Play video >>
USD/JPY continues to hover in the area of 76 as the markets cannot find the fortitude to push the pair much lower. EUR/USD absolutely skyrocketed on Thursday. The pair reacted quite strongly to the EU bailout announcement, and it seems to be pleasing to the market. Play video >>
EUR/USD had a fairly volatile day on Wednesday as rumors completely took over the financial markets around the world. EUR/CHF had a bearish day, and then bounced - to form a green hammer. This shows that the pair "wants" to rise Play video >>
EUR/USD found itself going back and forth in a range on Tuesday, but ending the day slightly bearish. EUR/CHF continues to fall, even though the Swiss National Bank is threatening intervention if the markets fall below 1.20, just 200 pips away. Play video >>
EUR/USD had a bullish week as the trading world sold off the USD in favor of the common currency. The weekend has yet another EU summit, and it appears that traders are trying to get into the market ahead of that. In other words - gambling. The 1.40 area looks very resistive, so we are not convinced as of yet. The AUD/USD pair looks very similar to the EUR/USD and the "risk on" play seems to be in order. However, just like the EUR/USD, there is a massive resistance area just above in the form of the 1.03 to 1.05 area. The USD/CAD pair looks set to retest the parity level again, and the weekly candle looks very bearish. However, the oil markets look set to pullback, and this could make this pair bounce in this vicinity. Play video >>
EUR/USD rose in the starting hours of the Wednesday session, but got absolutely pummeled as it approached the 1.3850 resistance area. The 1.3850 - 1.40 area is going to be massively resistive, and it looks like the market is getting more and more jittery before the EZ summit over the upcoming weekend. EUR/CHF looked to break out on the session on Wednesday, but failed and formed a shooting star. This pair continues to be supported by the Swiss National Bank below. (1.20) Because of this, we are wanting to buy the pair, but only if the EU summit goes well. Play video >>
EUR/USD had a wild day during the Tuesday session as headlines continue to push this pair around. The EFSF was rumored to be about to get a 2 Trillion Euro boost, but that rumor has been turned around. The resulting candle for the day is a doji, which sets up a simple trading signal. The EUR/JPY pair continues to sit just over the 105 mark, and looks like it is entering a phase of consolidation as traders continue to digest the possible scenarios coming out of the EU over the next several sessions. Play video >>
EUR/USD rose rapidly again on Wednesday as traders continue to show belief in the possibility of a solution in the EU. NZD/USD rose as well, but faces similar problems: A round number which has shown itself to be massive, (0.80) and the 50% retrace that sits right above it. Play video >>
EUR/JPY approached the 105 level, and area that has been resistive on Tuesday. The pair failed to break through, and even sold off a little towards the New York close as the Slovaks have rejected the EU bailout fund. The vote was expected, but the fact that it sold off anyway shows just how nervous people are. EUR/USD had a fairly quiet day as the 1.37 level continues to keep prices down. The gap from a couple of weekends ago was formed at this level, and continues to keep a lid on the Euro. Because of this, we are still bearish of the Euro. Besides - there are simply far too many potential problems with the EU to own this thing. Play video >>
The EUR/USD pair fell hard during the week, but still finds itself stuck within the 1.45 - 1.40 confines. This pair looks very range bound, and should continue to be until we get some kind of decisive break out of the range. If we break 1.45 on a daily close - it looks like a buy. If we get a daily close below 1.40 - it looks like a sell. Very simple at the moment really. EUR/CHF continues to whip around, and found itself in a 1,000 pip range for the week! The 1.20 level is obviously very resistive, and the 1.10 level is obviously supportive. Until we close outside of this range, we may find this pair very difficult to trade. It should be noted that when a trend changes, it gets quite messy. This is starting to (somewhat) look like that. USD/JPY finds itself being supported at the 76.50 area. The fact that the market is so bearish, and yet this level holds like a rock makes us wonder if the Bank of Japan isn't intervening in a clandestine way? The pair looks flat, and will be a scalper's market for the time being. Play video >>
EUR/USD has broken a "rising wedge" on the daily chart with the recent plunge. But with all of the minor support and resistance areas, this pair has been quite choppy. The Non-Farm Payroll report will more than likely throw this pair around for the session. The pair will more than likely do what it has done over the last several NFP Fridays, bounce around, but close fairly unchanged. EUR/CHF is a much different picture, as it is approaching the 1.13 level. The 1.13 area giving way to the downside would lead to a fall to 1.10, and then perhaps parity. The pair won't be bought by us until we clear the all-important 1.2000 level - which would signal a massive change in sentiment. Play video >>
EUR/USD fell for a second day on Wednesday as traders started to focus on EU debt issues again. The 1.4350 area is just below, and has produced a reaction every time it has been approached recently. Because of this, we fell that selling at this point is dangerous, unless we get a daily close below it. A buy order doesn't make sense until we get well above the 1.4550 area. The EUR/CHF pair fell on Wednesday, stopping right at the 1.15 level - an area that has been very resistive recently. The area should hold as support, and if it does - we need to watch the 1.20 level for signs of a break out. The breaking of the 1.14 level would have us selling. Play video >>
The EUR/USD chart shows us that the 1.45 area is being tested yet again, this massive resistance area simply must give way for this pair to continue northward. We believe that the pair is trying to tell us this will happen. The AUD/USD pair looks very similar at the moment, but the 1.06 area needs to be broken. With a shooting star about to give way - this pair looks very bullish. However, 1.06 is still there.... The USD/CAD pair is still stuck, but we show you what levels need to be broken, and they aren't even Forex rates! Play video >>
The EUR/CHF pair has several interesting things going on at once. A triangle has been broken to the upside, and a hammer has been formed as well. The 1.15 level seems to be putting a cap on this pair for the time being, but the pair looks like it wants to go higher. It might simply be a move by proxy as the SNB still sits below. A break below the hammer turns it into a "hanging man", and is very bearish. A close on the daily chart above 1.15 gets us very bullish. The EUR/USD pair is currently stuck just under the 1.45 level. The area looks like it is going to be very difficult to best. However, the Fed announcement this Friday from Jackson Hole, Wyoming will be listened to closely for any hints of "QE3" out of the US. If there is, the EUR/USD pair should finally break above that mark. If not - this pair could fall. More than likely, this market will be very tight until that news conference. Play video >>
EUR/USD continues to rise on Monday, but the pair is in a holding pattern until the notes and announcement from Sarkozy/Merkel meeting are released. The pair have to find some kind of solution to the European debt issue, and if they don't - this pair will get ugly in short order. However, if they do, we could see a rise above the 1.45, which would signal a flag-based move to 1.65 or so! The EUR/CHF pair rose to the 1.15 mark as there is talk of a currency peg by the SNB. However, the pair failed to break through, and now looks weak at these lofty levels. A break of Monday's lows could send this pair to 1.10 in a matter of hours. Play video >>
The EUR/USD could potentially be a flag. A bullish one at that! This videos shows how this is being formed, the levels that we need to watch, and the potential target, which sounds really high. But hey - I can remember when the EUR/USD being at 1.20 was out of the question! The USD/CHF pair looks very strong suddenly, and the weekly hammer shows we could continue to bounce. 0.80 is certainly a real possibility as the Swiss are starting to talk about pegging the Franc to the Euro. The SNB has a meeting this week, and it could move this pair wildly. The NZD/USD looks like it is ready to push even higher. The weekly hammer shows that the demand for the Kiwi is still out there, and that the 0.80 area is a massive support level that refuses to give way so far. Play video >>
EUR/CHF continued its massive fall on Tuesday, as traders simply "ran for the hills" during the Asian session. The markets did eventually calm down in general, but the pair never really bounced like the riskier ones did. The pair actually came within 60 pips of parity, and as such - we think it will have very little trouble getting there in the near future. We like selling rallies, especially at the 1.05 and 1.07 areas. The EUR/USD pair is one of the most vulnerable pairs to headline risk currently. Because of this, we can only rely on the technical set ups, and we are presently watching a downward channel. However, it should be said that this is one of our least favorite pairs to trade at the moment. Play video >>
The long-term charts are showing us several different things presently.... The EUR/USD almost looks like it is in a bullish flag pattern, even with all of the EU troubles in the debt markets. The potential S&P downgrade of the US might be a factor in this move, but we are still waiting to see a break of the 1.45 area to go long. If we get below 1.40 - we sell. In the meantime, we are looking for choppy short-term moves at best. The EUR/CHF continues to fall, and has broken the 1.10 area as investors keep sending their money into Switzerland, and leaving Europe. The pair shows that the EUR isn't necessarily strong, (despite the EUR/USD chart) and that perhaps it is the USD that is so weak. The USD/CAD pair skyrocketed during the week, and it appears that we will attempt a break out of the 0.98 level, but this pair is certainly in a downtrend. We see nothing to suggest that the trend will change anytime soon. Play video >>
EUR/USD fell on Monday, even after popping higher. The low on Monday could be a place in which more selling gets triggered as the pair will almost certainly switch focus from the US debt deal to the European bond issues once the bill is signed in DC. The EUR/CHF par fell off of a cliff on Monday, but did manage to bounce. The 1.10 was nearly tested, and it seems that we will almost certainly see that level again. The bounce should be nothing more than another selling opportunity, and as such - we are waiting for some kind of rally - assuming this pair can do that. Play video >>
The EUR/USD has formed what could be considered a bullish flag. However, there are many issues in Europe that are managing to stay out of the headlines, such as the rates in Italy and Portugal's bonds going back to the pre-deal levels in Europe. The EUR/CHF pair is absolutely horrible looking. The pair has found itself testing 1.13, which is 1,000 pips from where it started July. This pair continues to fall, and looks like it will reach 1.10, and then probably make a run towards parity. The USD/CHF pair has finally broken the 0.80 mark, and now looks to run to 0.75 as the debt talks in DC continue to hamper the USD......add to that this pair is in a massive downtrend, and we won't be buying it anytime soon! Play video >>
When we look at the weekly long-term charts, we see several different things at once. Looking at the USD/CHF, it is easy to see the world is running to the Franc again. EUR/USD looksl ike it is setting up for several different moves at once, and therefore is difficult to trade. EUR/CHF looks like it is going to keep plunging, and the bottom is nowhere in sight. EUR/GBP looks like a lot of trouble waiting to happen. Play video >>
The EUR/USD fell hard, and bonced as word got out that the Greeks and the IMF/EU may have reached some kind of agreement....EUR/CHF fell hard because of the words of Mr. Trichet referring to all ofthe "red lights' that are currently flashing in the EU from Play video >>
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