The yen is taking center stage today following the completion of the Bank of Japan two-day policy meeting. Traders were anticipating further calls for intervention but were surprised to hear of a cut in the interest rate...
Market Review – 04/10/2010 22:20 GMTEuro tumbles from a 6 1/2-month high on renewed concerns over European debtEuro tanked from a 6 1/2-month high against dollar on Monday, as renewed worries about European debt crisis dampened investors’...
According to wave count this currency pair has just ended daily corrective wave B (colored royal blue on the chart). To confirm wave C break above 135.03 is needed. If the price breaks below 130.78 it means...
The beginning of the previous trading week saw the euro still holding its maximum levels against the greenback, but the released data could not allow the euro grow higher. In particular, the rating agency Moody’s reduced the...
GBPUSD: The GBP hit just south of 1.60 nearly 2 months ago and has not been back there since. The GBP closed Friday at the most recent highs, or near term Resistance at 1.5835.
The U.S dollar held near its lowest levels in 6 months against the euro on Monday after Federal Reserve officials said more quantitative easing might be needed if the U.S. economic outlook remained weak.
Market Review – 01/10/2010 22:23 GMTEuro rallies to a six-month high against dollar on Fed Dudley’s dovish commentsEuro rose strongly to a 6-month high of 1.3793 against the greenback on Friday after dovish comments from NY Fed...
The metal continues trading within the main ascending channel over medium term basis, and lately it breached the neckline for a continuation bullish pattern at 560.00 signaling that trading is to continue within the ascending channel.
EURUSDThe pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas...
The end of the month brought a volatile trading day as US GDP and weekly unemployment numbers were released. Irish Banking woes continue to weigh on the markets but failed to slow a strong month for equities.
