The euro dropped on concern Ireland’s debt woes will spread to other euro-zone economies such as Portugal and Spain. The possibility of an election in Ireland also pressures the euro as it may hinder the nation’s aid...
Market Review – 22/11/2010 22:56 GMT Euro falls due to Irish uncertainty and contagion fears Euro fell on Monday as Moody’s said it might downgrade the credit rating of Ireland by more than one level. The single...
AUD/USD is moving within corrective wave against 1.0182-0.9727. Now subwave C (colored red) is developing. Its targets are Fibonacci retracements of 1.0182-0.9727, and expansions off 0.9727-0.9914-0.9815.
The European debt crises continued to influence the trading dynamics during almost the whole previous trading week. Mainly, concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the...
ForexPros Daily Analysis November 22, 2010 Forex Analysis GBPUSD 1) Forex Trading Signal For GBPUSD Forex Trend Analysis The trend for GBPUSD this week seems to be bullish (UP)
EURUSD After a steep slide, the EURUSD starting recovering in the latter portion of last week, rising from 1.3450 to nearly 1.38. On the way down price broke through the 1.38 support level without much trouble, but...
We are about to experience less volatile and rather steady day on EURUSD chart. Euro didn’t react firmly on Saturday’s news stating that Ireland decided to take a financial aid, to support its banking system. Lack of...
After a week of volatile trading across the broad market place, the currencies could be facing another rather tenuous few days. Today there will be very little economic data released globally, which will leave the Irish aid...
EUR/CAD: About 3 weeks ago, an important decrease process started for the pair. About a week and a half, a very important breakdown of the support level of 1.3946 changed that support into a resistance.
Ireland appears closer to an acceptable agreement regarding an EU/IMF jointly sponsored bailout package to assist its financial bodies with debt. Concern over a debt contagion spreading to the other peripheral economies of Spain, Portugal, and Greece,...
