The main topic for this week’s trading session continues to be the European debt crisis. It is now broadly accepted that the Irish financial bailout has failed to calm markets and the possible debt contagion continues to...
Market Review – 10/12/2010 21:24 GMT Dollar rebounds against yen on upbeat U.S. economic data The dollar traded firmly against the Japanese yen in New York session as strong U.S. consumer sentiment and trade data suggested the...
U.S. economy Previous week elapsed in rather slow manner for U.S. economy. It brought solely four significant data releases, which general outlook was good for Dollar. Indubitable highlight of previous week was Ben Bernanke speech on “60...
GBP/JPY is now developing corrective wave 4 of the medium term uptrend – colored red in the chart. The targets of wave 4 are Fibonacci retracements of 129.43-132.99, 129.51-132.99 and expansions off 132.99-132.38-132.90.
Elapsing, Friday emerged to be less volatile day on the forex market. This is mostly caused by traders’ wait for forthcoming on Saturday, highly significant data releases from China.
The euro traded near its lowest mark in more than a week against the dollar as concerns over Europe’s debt crisis still linger and dampened demand for the region’s assets. The 16-nation currency also headed for a...
The greenback continues its rally. Asian and European trading sessions: Euro: On Thursday the euro strengthened temporarily, and the EUR/USD reached its maximum at the $1,3322 level. Minimums were reached at the level of $1.3190. The euro...
Thursday’s trading continued to mirror the fact that most investors remain quite cautious within the broad markets. The currencies largely turned in a day of consolidated trading, global bourses hovered around known values, and commodities were lackluster....
Greetings. The EUR/JPY has been making slow and steady moves to the upside and this upward action may potentially continue as may also be forming an Ending Diagonal (ED). If this ED pans out, look for a...
Market Review – 09/12/2010 21:33 GMT Euro falls on lingering Irish debt worries The single currency fell on Thursday as Fitch downgraded Ireland’s sovereign debt rating and Irish opposition party said it would vote against an emergency...
