Ratings’ reduction pressures the euro. Asian and European trading sessions: Euro: The EUR/USD started today’s trading with the maximum of $1,3200, as the Government of China confirmed its intentions to support the European Union with debt problems....
On a 4-hour graph the USD/CAD is making a rebound after it failed to break the support level 1.0212. Earlier the USD/CAD rebounded from the support level of 1.0000, which is also a bottom of a wide...
ForexPros Daily Analysis December 22, 2010 Euro Dollar: On the daily, the euro has found support at full half way back at 1.30742, but is still technically in a short setup, with a target at 1.27715. On...
USDCAD formed double top price pattern on a H4 interval chart, which might indicate enduring downward movement. Another factor biasing toward bearish scenario is the fact that pair breached green trend line and is currently testing Fibonacci...
USD/CAD:During the last session, a double top appeared on the daily graph at the resistance of 1.0211. Although this resistance is not very strong, but …GBP/JPY: For the last few weeks, the pair is moving aside between...
The euro fell once again yesterday, following concerns that Portugal and Greece might face a credit downgrade within the near future. This also had a positive impact on commodities, especially crude oil, which is now trading near...
Market Review – 21/12/2010 21:23 GMT Euro falls due to ratings warnings on Portugal and Greece Euro weakened against dollar on Tuesday after Moody’s said it might downgrade Portugal’s ratings. Euro was further pressured as Fitch put...
Demand for save-haven grows. Asian and European trading sessions: Euro: On the first day of this week the euro was affected by the reduction of the EC countries’ credit ratings by Moody’s Investors Service. Last week the...
Since beginning of current week, EURUSD is consolidating and verging on upward correction. Breach of a Fibonacci retracement of 1.3194 will strongly confirm short-term upward scenario.
The euro traded near a two-week low against the dollar on speculation some European nations and banks will struggle to raise funds amid the region’s debt crisis. The euro also fell to a series of fresh all-time...
