The AUD/USD pair is now trading in the flat limited by 0.9708-0.9909. The breakout of the flat will show the direction of the future med term frend. According to wave count on larger timeframes this pair is...
ForexPros Daily News October 12, 2010 Forex – USD/JPY resumes slide as Japan poised for intervention Forex Pros – The U.S. dollar was down against the yen on Tuesday, re-approaching Friday’s 15-year low, as Japanese authorities indicated...
EUR/USD: For the last few weeks, the pair had a clear and strong uptrend. A few sessions ago, a very important resistance at 1.4031 stopped it. NZD/USD: A very sharp and clear uptrend started about 8 weeks...
The greenback continues to be under pressure. Asian and European trading sessions: Euro: On Monday the euro continued to trade around its 8-months maximums against the greenback. According to the experts’ opinion, the euro was overbought, and...
During the whole previous trading week the euro was demonstrating strength over the weakening US dollar. But on Monday the euro was under temporary pressure due to the negative influence from the European banking sector. The released...
The USD gained on a day that many traders in North America didn’t fully participate in the markets because of holidays in the States and in Canada. The USD picked up ground versus the EUR and GBP...
French and Italian Industrial Production numbers had mixed results Monday, but this was hardly the reason for the decline in the EUR against the USD. The Single Currency has enjoyed dollar centric generated gains even as many...
The Sterling traded lower against the USD and the decline in value was not helped with reports coming out in the evening that show the RICS House Price Balance coming in worse than expected. However, it should...
The JPY maintained its strong stature on Monday as investors did not back away from buying the Japanese currency even at its highest values. The JPY continues to test its strength against the USD and this is...
Yesterday’s celebration of Columbus Day in the United States, coupled with Thanksgiving Day in Canada, led to thin market conditions in yesterday’s North American trading sessions.
