06/07/2011 04:41 UTC AUD swings lower as it weakens against the USD, NZD, CAD, CHF, EUR and GBP. Recent mid-term strength indicator reading for AUD is 2 out of 8, thus suggesting that the current swing may...
06/07/2011 04:33 UTC NZD swings higher as it strengthens against the USD, JPY, AUD, EUR and GBP. Recent mid-term strength indicator reading for NZD is 7 out of 8, thus suggesting that the current swing may be...
Market Review – 06/06/2011 21:26 GMT Euro weakens on Monday as second Greek bailout was uncertain The single currency weakened on Monday after a German Finance Ministry spokesman said ‘not certain whether there will be second bailout...
Market review for 30.05 – 03.06, 2011
EUR/CHF Time: 11.00 Rate: 1.2203 Strategy: long Daily time frame The price is moving in the downward parallel channel. The arrival of the price to the lower side of the channel, and is stopped at the current...
ForexPros Daily Analysis June 06, 2011 ELLIOTT WAVE FX OVERVIEW Trading during Asian hours was relatively slow but still bearish for stocks after poor NFP from Friday.
The Dow Jones Industrial Average fell 290 points this week to 12,151.26. It was the benchmark’s fifth straight weekly decline, its longest losing streak since 2004. So far this year, however, it is up almost 5%. The...
Forex traders had a very interesting early June. The greenback closed its third consecutive weekly decline – and the progress on the pullback seems to carry the same level of momentum that the larger bear trend through...
With Friday’s Non-Farm Payroll (NFP) figure revealing surprise stagnation in the US employment sector, traders appear more reluctant to go into the greenback in order to stave off further losses in their portfolios. The euro zone has...
U.S. jobless data on Friday delivered a hard body punch to investors. The expectation going into Friday for the Non Farm Employment Change numbers was 161k, but the result was a mere 54k jobs added. To make...
