Market Weakness
EURJPY The EURJPY continues to slide, and has settled into a descending trading channel. Today’s tag of the upper channel line was marked with a doji candlestick, followed by a strong drop down.
Category: Daily Forex Reports
USD – Economic Prospects Trouble Investors
The USD had a repeat performance on Monday basically copying its range trading that took place before going into the weekend. The USD has gained slightly against the GBP, but continues to struggle against the EUR and...
EUR – Still Strong But Questions Lurk
The EUR has consolidated in range against the USD the past week as it has shown little inclination to give back its gains. Greece continues to spark interest among investors who still hear plenty of warnings that...
USD/CHF Outlook
Greetings and welcome back! It’s hard to believe it’s already the end of October – this time of year always seems to fly by. Here is our analysis for the USD/CHF.
GBP – Sterling Waits For Prelim GDP Data
The Sterling has underperformed the past week and a half compared to the other major currencies when gauged against the USD. The reason for this is because the U.K. is known to be struggling with its stated...
JPY & AUD – Bank Of Japan Looming
The JPY continued to find itself moving towards the strongest realms of its value against the USD on Monday. Trading has been fairly consolidated within the Japanese currency and many investors are keeping their collective eyes on...
G20 Summit Leaders Agree to Prevent Currency Devaluation War
Regardless of an agreement at the weekend’s G20 summit to avoid a currency devaluation war, investors have begun to price in the expectation of an asset purchasing facility by the Fed following their upcoming policy meeting on...
Daily FX Market Outlook-26-10-2010 by AceTrader
Market Review – 25/10/2010 22:48 GMTDollar sinks to a fresh 15-year low against yen after G-20 meetingThe greenback tumbled to a fresh 15-year low against the Japanese yen on Monday as investors prepared for additional monetary easing...
Market review for 18 – 22. 10, 2010
During the beginning of the previous trading week the greenback gained some strength against the background of the euro weakening. Expectations for the release of the Euro-zone fundamentals, which were planned to be published on Tuesday, pressured...
GBP/JPY Elliott wave count and Fibonacci levels, October 25, 2010
Pound/yen is moving within wave 5 of the long term downtrend – colored royal blue in the chart. The strategic targets of the downside movement are Fibonacci expansions off 135.03-130.78-132.93 (waves 1-2), 132.93-127.33-129.21 (waves 3-4), and 129.21-127.07-127.86...