USDJPY: The JPY is unquestionably in the midst of a very strong run against the USD as inferred from the tight channel this pair has been trading in. However, yesterday’s price action does represent the first breach...
The most significant economic event yesterday was beyond any doubt Japan’s confirmation of a unilateral intervention in yen trading in order to put a stop to the soaring currency. The consequences were seen immediately and the yen...
EURUSDThe pair is trading between 61.8% and 50% correction, where Stochastic is heading to the downside as the pair is attempting to retest the level mentioned yesterday at 1.2915. From here, yesterday’s suggested scenario remains intact and we...
Crude stabilized around the awaited retest level at 75.40, in an attempt to breach it but was not able to build a base below it and thereby maintaining chances of yesterday’s scenario prevailing intact, supported by the...
Market Review – 15/09/2010 22:48 GMTDollar rallies from a fresh fifteen-year low against yen after BOJ’s interventionThe greenback surged against the Japanese yen on Wednesday as the Bank of Japan intervened in the currency market for the...
According to wave count this currency pair has just developed wave C of the daily downtrend and thus the whole downside movement from 137.75 (weekly wave A). The current upside movement is considered weekly corrective wave B.
ForexPros Daily Analysis September 15, 2010 Euro Dollar The Euro jumped strongly yesterday, even though it initially broke the support specified in yesterday’s report. We broke the important level specified in yesterday’s report 1.2920, and successfully reached...
The pair ended its trading within the descending correctional channel above after two attempts to retest its previously breached resistance, settling for the 38.2% correction of the upside wave from the trough at 0.4885 to the top...
Yesterday and early today may well go down as the sounding bell for the newest wave of volatility in the broad markets. The USD lost swiftly to the EUR in trading yesterday, but divergence was evident as...
The Yen rose to a 15- year high against the dollar on Tuesday after Japan’s prime minister won a ruling party leadership vote, reducing the chances Japanese authorities would attempt to stem yen gains. The USD/JPY fell...
