The greenback continues to be under pressure. Asian and European trading sessions: Euro: On Monday the euro continued to trade around its 8-months maximums against the greenback. According to the experts’ opinion, the euro was overbought, and...
During the whole previous trading week the euro was demonstrating strength over the weakening US dollar. But on Monday the euro was under temporary pressure due to the negative influence from the European banking sector. The released...
The USD gained on a day that many traders in North America didn’t fully participate in the markets because of holidays in the States and in Canada. The USD picked up ground versus the EUR and GBP...
French and Italian Industrial Production numbers had mixed results Monday, but this was hardly the reason for the decline in the EUR against the USD. The Single Currency has enjoyed dollar centric generated gains even as many...
The Sterling traded lower against the USD and the decline in value was not helped with reports coming out in the evening that show the RICS House Price Balance coming in worse than expected. However, it should...
The JPY maintained its strong stature on Monday as investors did not back away from buying the Japanese currency even at its highest values. The JPY continues to test its strength against the USD and this is...
Yesterday’s celebration of Columbus Day in the United States, coupled with Thanksgiving Day in Canada, led to thin market conditions in yesterday’s North American trading sessions.
Market Review – 11/10/2010 23:04 GMTThe dollar rebounds sharply from a fresh 15-year low against the yen on profit-takingThe greenback rebounded broadly on subdued trading with Japanese holiday. Although the dollar on Monday resumed recent downtrend and...
Pound/yen is still developing wave C of the daily downtrend – colored royal blue in the chart. The strategic targets of wave C are Fibonacci expansions off waves A-B – 135.03-130.78-132.93. Minor targets are Fibonacci expansions off...
USD/CHFWe can identify a clear and sharp downtrend for the pair during the last few weeks. The bearish envelope template appeared during the 06-10-2010 and 07-10-2010 sessions suggest a close reversing trend, creating an opportunity for a...
