The Euro continues to consolidate ahead of the ECB rate interest tomorrow. We have seen fresh downside pressure yesterday after Moody’s came out slashing Portugal’s rating on risks that the country may need additional aid.
Greetings. Let’s take a look at the USD/CHF hourly chart. We’ve been in a steady downtrend and it looks like our down trend will potentially continue.
Market Review – 05/07/2011 21:40 GMT Euro tumbles after Moody’s cut Portugal’s credit rating to junk The single currency declined sharply on Tuesday after Moody’s Investors Service downgraded Portugal’s credit rating to junk, igniting renewed fears over...
Comments of the S&P agency regarding the Greek default pressured the euro.
07/05/2011 18:22 UTC NZD swings lower as it weakens against the USD, JPY, AUD, GBP and CHF. Recent mid-term strength indicator reading for NZD is 8 out of 8, thus suggesting that the current swing may be...
07/05/2011 15:06 UTC EUR swings lower as it weakens against the USD, JPY, CHF, NZD and CAD. Recent mid-term strength indicator reading for EUR is 4 out of 8, thus suggesting that the current swing may be...
ForexPros Daily Analysis July 05, 2011 Aussie & Kiwi review ahead the Australian cash rate AUD/USD There is lots of news regarding the Australian economy that have been published during the past two days. Building approvals went...
Wall Street was closed today for Fourth-of- July Holiday and our attention remain focused on Europe. Just as quickly as EU officials thought they were out in the clear of the Greek debt crisis, the rating agencies...
07/05/2011 07:20 UTC CHF swings higher as it strengthens against the JPY, AUD, CAD, EUR and GBP. Recent mid-term strength indicator reading for CHF is 5 out of 8, thus suggesting that the current swing may be...
The US dollar is stronger against the majors in the Asian trading session as the shortened week will be critical for the continuation of the “risk-on” mode that was sparked last week by the passage of the...
