The euro gained about 580 pips against the U.S. dollar in last week’s trading session, following strong debt sales in Spain, Italy and Portugal. This has increased risk-appetite in the market and as a result weakened the...
Market Review – 14/01/2011 19:42 GMT Euro pares gains on profit-taking after rising to one-month high vs dollar The single currency climbed above $1.3400 level against the dollar on Friday as traders bought euro aggressively on short-covering....
H4 Yesterday’s optimism on the aussie market turned inverse immediately after the prices reached the lower limit of the Ishimoku cloud on four-hour graphs. The price bounced off of the Senkou Span A and directed to the...
Although the euro had a very positive day on Thursday, the currency peaked against most of its main currency rivals in overnight trading and is currently in the middle of a bearish trend once again. The EUR/JPY...
Market Review – 13/01/2011 21:53 GMT Euro surges broadly on short-covering due to Trichet’s hawkish comments Euro rose sharply across the board on Thursday after head of ECB Trichet expressed concerns about inflation. Traders bought the single...
The GBP/JPY is now moving within subwave C (colored red in the chart) of daily impulse wave C – colored royal blue in the chart. The targets of the upmove are Fibonacci retracements of 133.03-125.47 and expansions...
Beige Book report saves the greenback. Asian and European trading sessions: Euro: On Wednesday the EUR/USD pair started to strengthen and reached the $1,3000 level during the morning trading. Euro continued to strengthen after the successful auction...
A positive element to emerge from yesterday’s economic events from the United States was a reduction in the Federal Budget Balance, from a deficit of $150.4B to a deficit of $80.0B. Following this news, the USD began...
Greetings. Let’s take a look at the GBP/JPY hourly chart. We’re fast approaching the trend line drawn and the recent upward movement appears it could be a potential Ending Diagonal (ED). We like trading Ending Diagonals because...
Market Review – 12/01/2011 21:41 GMT Euro surges versus dollar as Portugal auction demand rises The euro strengthened against the dollar on Wednesday after Portugal sold bonds due in 2020 at a yield of 6.716%, lower than...
