How Much Steam Is Left?
The USD started off on a stronger foot Monday, but as the day wore on began to give much of its gains back and fell to the weaker sides of its ranges versus most of the major...
Month: October 2010
Taming Volatility
Oil: The faster the time frame the greater the relative volatility appears to be. On the chart below we use a monthly tenor. A Wedge pattern present itself which suggests that price is readying itself for a...
BOJ Surprises Forex Market with Interest Rate Cut and Bond Purchases
The yen is taking center stage today following the completion of the Bank of Japan two-day policy meeting. Traders were anticipating further calls for intervention but were surprised to hear of a cut in the interest rate...
Daily FX Market Outlook-5-10-2010 by AceTrader
Market Review – 04/10/2010 22:20 GMTEuro tumbles from a 6 1/2-month high on renewed concerns over European debtEuro tanked from a 6 1/2-month high against dollar on Monday, as renewed worries about European debt crisis dampened investors’...
GBP/JPY Elliott wave count and Fibonacci levels, October 4, 2010
According to wave count this currency pair has just ended daily corrective wave B (colored royal blue on the chart). To confirm wave C break above 135.03 is needed. If the price breaks below 130.78 it means...
Forex-Metal Market review for 27.09–01.10, 2010
The beginning of the previous trading week saw the euro still holding its maximum levels against the greenback, but the released data could not allow the euro grow higher. In particular, the rating agency Moody’s reduced the...
Pairs Waiting To Break As Dollar Tumbles:
GBPUSD: The GBP hit just south of 1.60 nearly 2 months ago and has not been back there since. The GBP closed Friday at the most recent highs, or near term Resistance at 1.5835.
Dollar Pairs Losses but Remains Weak
The U.S dollar held near its lowest levels in 6 months against the euro on Monday after Federal Reserve officials said more quantitative easing might be needed if the U.S. economic outlook remained weak.
Daily FX Market Outlook-4-10-2010 by AceTrader
Market Review – 01/10/2010 22:23 GMTEuro rallies to a six-month high against dollar on Fed Dudley’s dovish commentsEuro rose strongly to a 6-month high of 1.3793 against the greenback on Friday after dovish comments from NY Fed...
USDCAD Analysis – October 2, 2010
After a sideways movement in a range between 1.0191 and 1.0378, USDCAD breaks below 1.0191 support, suggesting that the downward move from 1.0672 has resumed. Further decline is expected next week and next target would be at...