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...
U.S. economy Previous week elapsed in rather slow manner for U.S. economy. It brought solely four significant data releases, which general outlook was good for Dollar. Indubitable highlight of previous week was Ben Bernanke speech on “60...
USDJPY is facing 84.40 resistance, a break above this level will suggest that the upward move from 80.30 has resumed, then further rally could be seen to 87.00 or even higher. Support is at 82.34, below this...
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.
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...
EURUSD The decline of the Euro is not a new event. A look at the weekly charts shows us a consistent decline from mid 2008, with prices managing new lows, and weaker highs on each major move....
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...
USDJPY dropped sharply from 84.40, suggesting that a cycle top had been formed on daily chart. Deeper decline to 81.00 area is expected next week. As long as 80.30 key support holds, the fall from 84.40 is...
