The greenback continues its rally. Asian and European trading sessions: Euro: On Thursday the euro strengthened temporarily, and the EUR/USD reached its maximum at the $1,3322 level. Minimums were reached at the level of $1.3190. The euro...
Thursday’s trading continued to mirror the fact that most investors remain quite cautious within the broad markets. The currencies largely turned in a day of consolidated trading, global bourses hovered around known values, and commodities were lackluster....
Greetings. The EUR/JPY has been making slow and steady moves to the upside and this upward action may potentially continue as may also be forming an Ending Diagonal (ED). If this ED pans out, look for a...
Market Review – 09/12/2010 21:33 GMT Euro falls on lingering Irish debt worries The single currency fell on Thursday as Fitch downgraded Ireland’s sovereign debt rating and Irish opposition party said it would vote against an emergency...
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...
On a 4-hour graph the GBP/USD is continuing to move to the upper limit of the downtrend after it failed to break out the support level of 1.5500. The viewpoint is still bearish, since earlier the pair...
ForexPros Daily Analysis December 09, 2010 Euro and pound leaning on the bullish side, though they need to break their 61.8% lines to confirm trend. Yen in a large range, stuck between two opposing 50%s.
Quite a slow day for main pair is to experience. None of considerable Euro zone economic indicators will be issued today. Solely one significant data release coming from U.S. economy is planned on today session.
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.
