GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.5296. As long as the trend line support (now at 1.58355) holds, uptrend is expected to continue after consolidation and next target...
EURUSD broke below 1.3698 key support, suggesting that the uptrend from 1.2587 has completed at 1.4281 already. Now the fall from 1.4281 is treated as consolidation of longer term uptrend from 1.1876, range trading between 1.3400-1.4281 would...
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...
