The aussie entered in a side-ways range over the last three sessions of trade, even though the euro and the pound pushed higher, which would normally empower the aussie to move. On the daily chart, the aussie has formed two doji-star patterns, denoting indecision and possible swing point.

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Sideways Calm Before The Commodity Pair Storm

The lack of 1st tier economic data and stories that have failed to capture the market’s imagination have kept FX markets in check. However, in Japan the rhetoric is really heating up, with even stronger worded comments regarding the stronger JPY and their perpetual fight against inflation, being hurled in…

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Government Increases Pressure On The BoJ To Ease

The euro is struggling to push above the 1.3700/50 area, the same place that formed a swing point high over the last three weeks of trading. The euro battles a resistance trend-line that has contained the market since Feb 09. A break above the 1.3700 area will certainly denote a…

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Europeans Make A Move-One Lags Behind