Nervous & Shifting Winds
The USD and EUR continued to offer a complex mix on Tuesday as the greenback gained against the Single Currency. Nervous sentiment has not abated regarding either currency as a great wave of debate has ensued about...
Category: Daily Forex Reports
Put on your Shorts
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,...
Gold Rises to New Record High Before Falling
The US dollar rallied in the New York session to close higher versus the majors while dragging down the price of commodities. An agreement between President Obama and Republican congressman to extend Bush era tax cuts spurred...
Daily technical analysis
AUD/CAD:The last four sessions were marked by a technical correction of the previous downtrend. USD/CHF: A new uptrend started after 2 sessions of a strong and sharp downtrend, and the end of the preceding uptrend. However, this...
Daily FX Market Outlook by AceTrader-8-12-2010
Market Review – 07/12/2010 21:38 GMT Dollar surges as Treasury yields rise sharply The U.S. dollar strengthened broadly after a proposed extension of U.S. tax cuts sent the Treasury yields sharply higher on speculation that such tax...
Forex-Metal Daily Analysis – 07/12/10
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...
GBP/JPY Elliott wave count and Fibonacci levels, December 7, 2010
This currency pair is developing a counterwave against 1.0182-0.9539. On smaller timeframes this movement consists of A-B-C subwaves (colored red) with subwave C developing. To confirm wave C the price has to break above 131.74. Another variant...
Forexpros.com Daily Analysis – 07/12/2010
ForexPros Daily Analysis December 07, 2010 Euro and Pound Longs are still holding but half way back shorts acting as resistance. Best to let market confirm which direction it wants to go.
A Long-term view
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....
USD, EUR, & Gold – Gold Finding Friends
The term ‘overdone’ sometimes comes up in trading when talking about moves in various markets where the price action is perceived to have been too strong. This is a frequent case in commodities where certain resources can...