Demand for the risk drops. Asian and European trading sessions: Euro: The EUR/USD pair started Wednesday with a decrease to the $1,3300 mark. The euro was pressured by the announcement of Moody’s Investors Service that the credit...
US fundamentals support the greenback. Asian and European trading sessions: Euro: Euro continued to stabilize of Tuesday morning. Expectations for the strong European fundamental release today supported the euro. Eventually the Euro-zone ZEW survey (Economic sentiment) for...
EUR/USD pair starts the week with new maximums. Asian and European trading sessions: Euro: Morning trading on Monday saw the decrease of the EUR/USD pair, as a result of the increased concern over the disagreement of the...
GBPUSD has formed a cycle bottom at 1.5484 level on daily chart. However, the bounce from 1.5484 is treated as consolidation of downtrend from 1.6298, another fall to test 1.5296 key support is still possible after consolidation....
As Thursday elapsed, we experienced rather busy but tranquil day for British economy. Main data releases turned out to be virtually equal with forecasted values, which accounts for calm price reaction on them.
Tax benefits program supports the greenback. Asian and European trading sessions: Euro: The EUR/USD pair decreased to the level of $1,3190 during the morning trading. The euro drop was limited, since the Ireland budget has been accepted...
Moving averages are extremely helpful tools in determining trend direction and intensity, but the longer averages significantly lag the market when a turn comes. Evaluating shorter term moving averages can be more useful in these situations.
EURUSD The Euro has now pulled back to the 100 period EMA, and is stalled in the key resistance area between 1.33 amd 1.3450 (first established back in September). The 50 EMA remains below the 100 EMA,...
High-risk currencies start the week with a negative trend. Asian and European trading sessions: Euro: On Monday the euro dropped against all counterparts. Market tension over the today’s EC meeting in Brussels pressured the euro. The Financial...
The previous week was marked by the greenback new 2-months maximum. And the week has already started with sharp drop of the euro. According to the released information, European officials offered Ireland an 85 billion euro bailout. The concerns...
