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.
As we were expecting for a few weeks now, the Swiss National Bank intervened on the market yesterday by lowering rates and implementing various other measures to curb the appreciation in their currency.
We have seen a huge sell-off of the Yen accross the board overnight after Japanese Finance Ministry unilaterally intervened in the FOREX markets by selling their own currency.
As expected, we did see the Cable resuming its uptrend after a 38% retracement of the previous rally started in July 12.
The pair remains unders pressure since it has rolled-over ahead of its long term descending trendline started in May.
Greetings. Let’s take a look at one of our favorite pairs – the EUR/JPY. It looks like the bottom we saw in the beginning of August may hold for just a little while longer as we approach...
Market Review – 03/08/2011 22:21 GMT Swiss franc retreats on SNB move but rebounds due to weak U.S. data The Swiss franc retreated from another all-time high against the greenback Wednesday after Swiss National Bank unexpectedly cut...
ForexPros Daily Analysis August 03, 2011 AUD/JPY in Bearish Channel. The Australian Dollar started to exhibit weakness against the USD just a few days ago, but in relation to the Japanese Yen, it has been sliding for...
