Market Review – 17/12/2010 21:42 GMT Euro tumbles after Moody’s downgrades Ireland by five notches The single currency tumbled against the U.S. dollar on Friday after Moody’s downgraded rating of Ireland to BAA1 from AA2 and said...
NZD/USD: For several weeks, the pair is on a downtrend. During the last session, a support at 0.7399 was broken down.AUD/JPY: A few sessions ago, the pair crossed the daily resistance at 82.85.
Rather prolific week in data releases coming from major economies just elapsed. But let’s leave fundamentals for a second part of report and start our week summary from technical analysis’ factors as probably the most weighty ones.
On a 4-hour chart the GBP/JPY is rolling back after it breached the resistance level of 132.17. Nonetheless, the viewpoint on the currency pair is bullish, since the breakout of this level will target the currency pair...
Expectations for the EC meeting in Brussels. Asian and European trading sessions: Euro: The euro was under pressure due to the debt problems of some of the EC countries that weigh on the whole EC situation. During...
Market Review – 16/12/2010 21:55 GMT Euro recovers as European leaders discuss solving the region’s debt crisis Euro edged higher against the dollar on Thursday after EU leaders agreed to set up a permanent crisis management mechanism...
EUR/GBP: For the last three weeks, the pair is moving aside between 0.8528 and 0.8348. During the previous session, the resistance 0.8528 was broken up but …CAD/JPY: For about a month and a half, the pair is...
Current week emerged shift in a GBPUSD trend, since Monday pair dropped approximately 260 pips and yesterday was solely 50 pips above 16 weeks low.
On a 4-hour graph the USD/CAD slipped to the mark of 1.0000, and then made a rebound. Recently, the interest to buy deals near 1.0000 is observed, which more or less, is the bottom of wide trade...
Demand for the risk drops. Asian and European trading sessions: Euro: The EUR/USD pair started Wednesday with a decrease to the $1,3300 mark. The euro was pressured by the announcement of Moody’s Investors Service that the credit...
