The EUR/USD pair fell during the session on Tuesday as the situation in Europe still seems far from being solved. The Italian prime minister mentioned on Tuesday that he could not rule out the Italians needing a...
The EUR/USD is still correcting back higher and is close to the underside of the down-sloping trend-line on the 4-hr chart situated at 1.2320. Substantial selling is likely at that level and this may push the exchange...
Market review for 09.07.12: The Euro-Zone Sentix Investor Confidence index fell in July to the -29.6 points value. Asian and European trading sessions:
EUR/USD tried to rally during the Monday session, and although it did succeed to a point looks very weak nonetheless. The 1.23 level was overtaken again, but only just and without any serious conviction.
Market review for 2 – 6.07.2012
The EUR/USD pair fell precipitously for a third day in a row after the poor jobs number out of the United States was released. For the first time in two years, this pair is closing below the...
Continuing from last Thursday’s trend when the Europeans and the Chinese cut their bank rates, and the Brits commenced another £50B of quantitative easing, Friday’s numbers continued bearish. Most significant were the US employment numbers.
EURUSD breaks below 1.2288 previous low, suggesting that the downtrend from 1.3486 has resumed. Further decline could be expected next week, and next target would be at 1.2000. Resistance levels are at 1.2500 and 1.2747, only break...
The EUR/USD pair fell on Thursday as the European Central Bank eased its monetary policy by cutting the interest rate by 25 basis points. The candle for the Thursday session is extremely bearish, as it closed towards...
The markets are being bombarded with an abundance of late week data, and there is more to come Friday. Much of the data has been properly anticipated.
