Slight optimism is apparent in the markets this morning as European Union and International Monetary Fund officials travel to Dublin to discuss a possible aid package for the nation’s troubled banking sector. The Irish debt crisis is...
Market Review – 17/11/2010 23:12 GMT Euro rises on weak U.S. inflation and housing data The single currency ratcheted higher on Wednesday as less-than-expected rise in U.S. CPI and weaker-than-expected housing starts gave support to U.S. Fed’s...
On a daily graph the EUR/GBP pair is consolidating near the Fibonacci correction level 61.8. However, the viewpoint is bearish, as the downside trend is maintaining. The decline to the support level of 0.82 is expected if...
Update Time: 17 Nov 2010 08:04GMT INTRA-DAY EUR/USD OUTLOOK – +1.3470+ Euro’s retreat after intra-day brief but strg rebound fm 1.3468 to 1.3518 suggests consolidationwith downside bias is seen but breach of said Asian1.3468 low is needed...
Gold Gold penetrated the rising trendline which had been in place since September, signaling a potential trend change. The strong momentum on the way down suggests that selling is likely to continue. Yesterday’s steep decline puts it...
USD/CHF:A resistance level on 0.9731 was crossed and during yesterday’s trading session, and clearly closed above it.AUD/USD: Following an uptrend, which lasted for several months, the pair began to decrease back a few sessions ago by crossing...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
The USD kept up its momentum on Tuesday as it powered ahead against the EUR and continued a positive trend versus the other major currencies. While a host of CPI and PPI data was published in Europe...
Market Review – 16/11/2010 23:02 GMT Euro tumbles to a 7-week low against dollar on European debt woes The single currency sank to a 7-week low against dollar on Tuesday as worries over Greek and Irish debt...
AUD/USD is moving in corrective wave 4 of medium term downtrend – colored magenta in the chart. Potential targets of the corrective wave up are Fibonacci retracements of 1.0091-0.9815 (wave 3), and expansions off 0.9815-0.9922-0.9820.
