Market Review – 16/11/2010 23:02 GMT Euro tumbles to a 7-week low against dollar on European debt woes The single currency sank to a 7-week low against dollar on Tuesday as worries over Greek and Irish debt...
AUD/USD is moving in corrective wave 4 of medium term downtrend – colored magenta in the chart. Potential targets of the corrective wave up are Fibonacci retracements of 1.0091-0.9815 (wave 3), and expansions off 0.9815-0.9922-0.9820.
The greenback reaches maximums against the euro and the yen. Asian and European trading sessions: Euro: The concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the euro...
AUDNZD The heat is back on, with the AUDZND retesting short-term support after a brief rally last week. The pair has formed a bearish channel, and continues to make lower highs, and lower lows. The last test...
NZD/USD: The uptrend started a few weeks ago is clearly observable. However, there is a technical correction started about 5 sessions ago.USD/CHF: Friday’s session saw the pair to clearly cross the resistance of 0.9781 and to...
The USD has been able to hold onto its gains made late last week as it has kept the EUR under pressure and shown the ability to have some staying power against the GBP and JPY. Broad...
The EUR has continued to face a reemerging gauntlet of negative sentiment based on debt issues faced by member nations within the European Union. Ireland continues to have fingers pointed at it regarding it banks and debt....
The Sterling has not done poorly the past week taking into consideration the fall that its nearby counterpart, the EUR, has suffered against the USD. While the GBP has lost some value it has maintained some stability...
Both the JPY and AUD have proven ripe for picking the past few sessions. With the renewed strength of the USD sweeping through and the price of commodities finding some downside pressure both the JPY and AUD...
US Dollar strength continues into the new week of trading as events surrounding Ireland and Greece push FX traders into safe-haven positions on the greenback.
