EURJPY After consolidating for the past 6 weeks, the EURJPY appears to finally be breaking out. The sideways movement formed a triangle, building up potential energy, while the direction remained unclear. Today’s decisive drop with extremely wide...
GBPJPY The GBPJPY continues to offer excellent trading opportunities within its well structured channels. Price has steadily risen in a price channel for the past month, offering several low risk trade entries. Traders should take note of...
The Irish banking and debt crisis took a turn for the worse and pushed the EUR lower on Monday against most currencies. The USD found itself back at highs against the EUR as Irish government officials started...
The Sterling lost ground to the USD on Monday under a EUR centric cloud certainly, but it must be pointed out that the U.K. has a large amount of exposure financially in Ireland through banking and this...
The JPY remains in a consolidated mode as of this morning. There have been initial reports from South Korea that there has been an escalation of troubles between the two Koreas. This situation will have to be...
EURUSD After a steep slide, the EURUSD starting recovering in the latter portion of last week, rising from 1.3450 to nearly 1.38. On the way down price broke through the 1.38 support level without much trouble, but...
After a week of volatile trading across the broad market place, the currencies could be facing another rather tenuous few days. Today there will be very little economic data released globally, which will leave the Irish aid...
The broad markets were dominated by three themes yesterday, foremost were the ‘whispers’ that Ireland is closer to accepting a joint European and IMF bailout for its banking and government debt. Second was the IPO of General...
The markets witnessed a day of consolidation across the boards on Wednesday as investors took a pause to reflect on the gyrations from the past few days. The USD waffled against the major currencies as it displayed...
The EUR remains within the Irish storm that is causing investor unease and the possibility of other doubts causing fires. The EUR struggled in early trading versus the USD falling to new recent lows, but it did...
