This currency pair is still developing daily wave C – colored royal blue in the chart. Within this wave there’s wave C that is still developing – colored magenta in the chart. Within the latter wave C...
The risk appetite grew again. Asian and European trading sessions: Euro: Expectations for the release of the Euro-zone fundamentals, which should be published tomorrow, pressured the euro. According to the forecasts, the Euro-zone ZEW survey (economic sentiment)...
The greenback was under serious pressure during the whole week and the EUR/USD pair has reached new maximums. On Monday the euro continued to trade around its 8-months maximums against the greenback. According to the experts’ opinion,...
USD/CAD: An important support at 1.0163 was crossed downward a few days ago. We can identify a small breach of the support during last session but it was only a test. AUD/CAD: The pair crossed a very...
EURJPY The beginning of a downtrend appears to be forming in the EURJPY, with the first confirmation of lower highs and lower lows. Prices bounced off the 200 EMA on the 4 hour chart, but are unlikely...
With a week relatively light on US data, investor eyes will be squarely zeroed in on Federal Reserve speakers. The Fed could offer clues about a possible plan to stimulate the US economy through a fresh round...
Market Review – 18/10/2010 23:01 GMTDollar strengthens against euro after Geithner’s comments The greenback rose against euro in late NY trading session on Monday, as U.S. Treasury Secretary Timothy Geithner said U.S. would not engage in devaluing...
Market Review – 15/10/2010 20:57 GMTEuro tumbles from a near 9-month high against dollar on heavy profit-takingThe single currency tumbled from a near 9-month high against dollar on Friday due to heavy profit-taking as technical indicators signalled...
NZD/USD: The pair reached an important resistance of 0.7642 after several weeks of a clear uptrend.GBP/USD: A second test of the resistance level of 1.6001 happened during the last trading session. This second test confirmed the strength...
EUR/USD Daily graph:
