This currency pair is developing corrective wave B of the medium term uptrend (colored magenta in the chart). Wave A is 0.9651-1.0182 and its .618 retracement (0.9854) has been reached by the price. More targets below the...
European budget problems are in the spotlight again. Asian and European trading sessions: Euro: European budget problems are in the spotlight again. According to the released information, the European countries are considering the possibility to render additional...
The USD powered ahead on Thursday in markets that saw lighter than normal volume due to holidays being observed in a variety of nations. There was no major data yesterday, but propelling the market were loud whispers...
The main discussion in the market yesterday revolved around the European debt concerns, especially regarding Irish bonds. This has reduced risk appetite in the market and decreased appeal for the euro. As a result, the dollar continued...
Market Review – 11/11/2010 23:20 GMT Euro tumbles on European sovereign debt woesEuro sank on Thursday as the ongoing concerns over eurozone peripheral debt weighed on the single currency. In addition, the selloff in U.S. stocks dented...
The dollar declined versus riskier counterparts in early trading today, on speculations that emerging economies will let their currencies float freely and appreciate versus the USD. The rise of the Chinese yuan to the strongest level since...
Market Review – 10/11/2010 23:04 GMT Dollar rallies to one-month high against yen on high U.S. Treasury yields The greenback surged to one-month high against the Japanese yen on Wednesday as high U.S. Treasury yields prompted investors...
The EUR/USD is consolidating after the successful breakout of the support level 0.8626. Nevertheless, the viewpoint is still bearish.Earlier at a daily graph the EUR/GBP has formed the combination of candlesticks Bearish Engulfing, which indicates the downside...
European counties’ budget problems pressure the euro. Asian and European trading sessions Euro: Growing concerns over the European budget problems continued to pressure the euro. The EUR/USD pair decreased to $1,3850 mark. The rate managed to show...
ForexPros Daily Analysis November 10, 2010 EUR/USD On daily, testing its extension long at 1.3808. Line in sand is at 1.3696. If we break below, longs are broken.
