The pair has bounced significantly after the Japanese Finance Ministry intervention to curb the Yen strengh.
The pair has been under pressure after BoE rate decision and we did see the market reaching the daily moving average to draw about 38% of the previous rally started in July 12.
The pair has confirmed some bearish pressure yesterday after the statement from ECB President Trichet. We did see a break below 1,4140 (friday low) which now exposes key 1,40 support with a possible extension towards 1,3940 (daily...
Market Review – 04/08/2011 22:38 GMT Yen tumbles on BoJ intervention The Japanese yen fell broadly against the greenback and other currencies on Thursday as Bank of Japan sold its currency to stem the yen’s recent strength....
New-Zealand dollar reaches its 2-week minimums. Asian and European trading session:
ForexPros Daily Analysis August 04, 2011 Euro Battles For Trend, Pound Ranging, Yen Intervention? Euro: On the daily, the euro is between a long setup from 1.4187 with a target at 1.47 (line in the sand is...
The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to...
Economic news this week has pushed traders into a position of market pessimism; though trading yesterday was acting as though no safe-haven could be found. Little news has emerged which put a dent in the amount of...
The pair remains under pressure after a sharp fall towards 1,07 corresponding to an ascending trendline started in March.
The pair is confirming a bullish momentum while moving up in a clear short term rising channel. We still expect a test of 0,97 before maybe a continuation towards 0,98.