The U.S. currency hovered within sight of a 15-year low versus the Japanese yen on Wednesday after the Federal Reserve announced plans to boost a flagging economy by reinvesting money from maturing mortgage bonds and government debt.
Fibonacci lines often generate the most heated discussions amongst traders. There are those that swear by them and those that claim the by-product is more haphazard and or random than predictive. If you are not familiar with...
Market Review – 10/08/2010 22:00 GMTDollar sinks against yen after Fed’s policy announcementDollar fell sharply against the Japanese yen on Tuesday, as U.S. Fed announced to boost its economy by reinvesting principal payments on its mortgage holdings...
ForexPros Daily Analysis August 10, 2010 Fundamental Analysis: Trade Balance The Trade Balance index measures the difference in worth between exportedand imported goods (exports minus imports). This is the largest component ofa country’s balance of payments.
A quiet day of economic releases greeted traders returning from the weekend, but the USD did manage to pick up some of its lost ground versus the GBP and EUR. Wall Street was slightly positive by day’s...
The EUR moved within steady territory on Monday as it gave up a trace of its previous gains against the USD. The European Sentix Investor Confidence reading was released yesterday and produced a better result, but its...
The Sterling was taken lower on Monday on the back of a disappointing round of data. The BRCS Retail Sales Monitor produced a weaker reading than the previous month with a gain of only 0.5% compared to...
The JPY remained at the higher levels of its range against the USD on Monday and late last night (European time) the Bank of Japan once again showed that it refuses to take significant action.
Crude’s trading has stabilized below the pivotal level 81.75 as it points to more bearish movement that is still suggested to retest the initial neckline at 79.35, while trading continues in a natural manner within the bullish...
EURUSDThe pair breached the support line for the bullish channel appearing on the image above, where a possibility of a bearish technical pattern’s neckline is at 1.3115. These factors make us expect a bearish intraday direction, but keep in mind...
