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...
EURUSDThe pair was able to achieve the awaited breakout yesterday strongly as it closely neared 61.8% Fibonacci correction at 1.3045, where it reversed to the downside to resume some bearish correction for the volatile bullish wave;
Crude touched resistance for the ascending channel that organizes the bullish correction, where it reversed to the downside and will retest the previously breached pivotal level at 75.40, meeting with the MA 50. Momentum indicators are entering...
Market Review – 14/09/2010 22:50 GMTDollar falls to a fresh 15-year low against yen The greenback tumbled against other major currencies on Tuesday on speculation that the U.S. Fed might announce another round of Treasury purchase program,...
The USD lost ground to the EUR in early trading on Monday as the effects of the Basel III accord brought clarity into the markets – supposedly. The U.S. did not release much in the way of...
The EUR managed to gain in the early sessions on Monday and held on to the stronger part of its range. There was little data from Europe yesterday, but today the German ZEW Economic Sentiment report will...
AUDUSD: The AUD is approaching very strong long range Resistance between .9350 and .9400. We have seen price action bounce off these levels at least twice in the past year, thus forming a double top as shown...
ForexPros Daily Analysis September 14, 2010 Euro Dollar The Euro jumped after the market’s open and continued a bounce it started on Friday, going back above 1.28 in the morning, and hitting 1.2890 in New York. Now...
The Sterling continued to be under pressure on Monday as mixed data once again showed its ugly head. The RICS House Price Balance showed a significant drop to minus -32%, far below the estimate of minus -11%.
The JPY has found itself taken to the very height of its strength versus the USD as investors have continued to test the resolve of the Bank of Japan and officials. The Japanese ruling party held a...
