The AUDUSD pair initially fell during the course of the session on Thursday, and then turn right back around to continue going higher. We had a very strong positive candle form during the course of the day on Wednesday, as the Federal Reserve has stepped away from interest-rate hikes, at least as far as the number of them in the year 2016 is concerned.
The EURUSD pair fell significantly during the course of the session on Monday, in reaction to Mario Draghi suggesting that the European Central Bank could very well work against the value of the Euro as there are a lot of concerns with the marketplace now.
The EURUSD pair broke down during the day on Tuesday, forming a rather significant bearish candle at the 1.10 handle.
At this point in time, we believe it’s pretty much a foregone conclusion that the market is going to reach down to the 1.05 handle. However, there isn’t much in the way of room between here and there so we believe that shorting this market off of short-term time frames will be about the only way to go.
The EURUSD pair went back and forth during the course of the day on Monday, as we continue to struggle to keep any gains at this point in time.
The EURUSD pair fell during the course of the session on Tuesday, as we continue to grind our way down in this market. In fact, we got below the 1.07 handle, and as a result we are clear to go down to the 1.06 handle.
China’s consumer inflation came in weaker than expected in October while prices at factory gates fell for a 44th straight month, fuelling calls for more monetary easing and fiscal stimulus to combat deflationary pressures.
The EURUSD pair went back and forth during the course of the day on Monday, bouncing off of the trend line most importantly.
The Wall Street Journal Chief Economics Correspondent Jon HIlsenrath and Bank of America Merrill Lynch’s Michael Hanson on the Federal Reserve.
The EURUSD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer.
