Market Review – 09/06/2011 21:34 GMT Euro falls after ECB dampened expectations for further rate rise and renewed Greek debt uncertainty The single currency tumbled against the greenback on Thursday after European Central Bank lowered inflation forecast...
06/09/2011 15:50 UTC AUD swings higher as it strengthens against the USD, JPY, CHF, EUR and GBP. Recent mid-term strength indicator reading for AUD is 1 out of 8, thus suggesting that the current swing may be...
06/09/2011 13:57 UTC CAD swings higher as it strengthens against the USD, JPY, CHF, EUR and GBP. Recent mid-term strength indicator reading for CAD is 2 out of 8, thus suggesting that the current swing may be...
Demand for the save-heaven assets grows. Asian and European trading sessions:
EUR/GBP Time: 21.30 Rate: 0.8895 Strategy: short Daily time frame The price got to the target of the wolf waves (the connecting line between point 1-4), created an upside down candlestick (the last red candlestick) and we...
Stocks broke down a little further today, and given the slowing of its decent we should be poised for a bounce into Friday. We had energy inventory data released today which was fairly bullish, but the main...
Greetings. Let’s take a look at the AUD/JPY chart. You can see we had a steep rise in March and now in the 3rd month of a declining channel. If you take the Fibonacci from the extreme...
The euro felt pressure versus the US dollar this morning, with the pair’s price reaching a one-month high near 1.4700 then entering a moderate decline. Soft data out of the American economy last week forced a reevaluation...
The broad markets including Forex and commodities largely danced around existing ranges on Wednesday. While the USD did fight off an early rise in value from the EUR, by the end of the day prices basically mirrored...
06/09/2011 06:02 UTC GBP swings higher as it strengthens against the USD, JPY, CHF, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 4 out of 8, thus suggesting that the current swing may...
