AUD/CAD:The last four sessions were marked by a technical correction of the previous downtrend. USD/CHF: A new uptrend started after 2 sessions of a strong and sharp downtrend, and the end of the preceding uptrend. However, this...
Market Review – 07/12/2010 21:38 GMT Dollar surges as Treasury yields rise sharply The U.S. dollar strengthened broadly after a proposed extension of U.S. tax cuts sent the Treasury yields sharply higher on speculation that such tax...
High-risk currencies start the week with a negative trend. Asian and European trading sessions: Euro: On Monday the euro dropped against all counterparts. Market tension over the today’s EC meeting in Brussels pressured the euro. The Financial...
This currency pair is developing a counterwave against 1.0182-0.9539. On smaller timeframes this movement consists of A-B-C subwaves (colored red) with subwave C developing. To confirm wave C the price has to break above 131.74. Another variant...
ForexPros Daily Analysis December 07, 2010 Euro and Pound Longs are still holding but half way back shorts acting as resistance. Best to let market confirm which direction it wants to go.
EURUSD The decline of the Euro is not a new event. A look at the weekly charts shows us a consistent decline from mid 2008, with prices managing new lows, and weaker highs on each major move....
The term ‘overdone’ sometimes comes up in trading when talking about moves in various markets where the price action is perceived to have been too strong. This is a frequent case in commodities where certain resources can...
The Sterling continued to trade under the influence of a EUR centric shadow on Monday and although this is likely to stay the same today, it must be noted that Manufacturing Production numbers are due today and...
Like a well practiced song the JPY finds itself back in the stronger depths of its water versus the USD as Asian traders have once again shown a well trained ability to seek risk adverse positions when...
The main concern in Europe lately has been the possible spread of the debt contagion which was meant to be contained by the financial bailout of Ireland. These debt concerns appear to have not yet subsided and...
