The Euro/Usd trends (short/medium/long) are still strongly bullish, as well as the seasonal conditions. However, a move above 1.4638 is necessary to target 1.4698, 1.48 and eventually 1.50, provide the price does not fall back below 1.4470.
S&P downgraded Greece rating for 2 levels.
A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...
The EUR/USD pair has fallen on Thursday as the traders around the world have been punishing the European bond markets. The Italian yields were rising yet again during trading, and as such, the EUR/USD has been falling.
The GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a...
The USD/CAD pair fell and then bounced from the 0.9450 level on Thursday, perhaps suggesting that we are ready to bounce even higher.
The USD/CHF pair continued to tread water on Thursday as the markets are seemingly focused on only one thing right now: the US debt talks.
The USD/JPY pair fell again on Thursday, as the markets still fear the results of the debt crisis in the US. The lack of progress is hampering the ability of the Dollar to gain against the Yen...
The pair may have carved out a top near its record high at 1,11. Indeed, the break below 1,10 has validated an intraday double top confirmed by a negative divergence on the MACD.
