EUR – Dollar Centric Mode Continues
The EUR had one of its worst days in a while on Wednesday as it found itself under a risk adverse cloud. There was little in the way of data from Europe yesterday and safe haven trading...
Author: bforex.com
GBP – Inflation Report Builds On Poor Sentiment
The Sterling got crunched on Wednesday as the Bank of England did little to clearly answer the concerns regarding the U.K. economy. Along with risk appetite taking a hit from the lackluster sentiment coming from the U.S...
JPY & AUD – Risk Adverse Across The Board
The JPY continued to be the domain of risk adverse trading on Wednesday as Japanese Treasuries found hungry investors as the Nikkei went into decline. The JPY is trading near the highest marks of its value.
Dollar On The Cusp Of A Comeback?
EURUSD: After struggling to cross major Resistance at 1.30, the EUR after a week and half retreated back below 1.30. The EUR will look to find Support at the 100 day MA. However, a solid close below...
USD – A Modest Recovery, Perhaps
The USD continued to trend slightly stronger versus the EUR and GBP on Tuesday as the marketplace became cautious across the board. Market participants largely waited for the FOMC to issue its statement late in the day...
EUR – Dollar Centric And Tentative
The EUR struggled a bit on Tuesday losing some of its ground to the USD. The move can hardly be called earth shattering and the trading of the Single Currency and the greenback remain in a rather...
GBP – Inflation Report & Press Conference
The Sterling slipped further against the USD on Tuesday. The DCLG HPI proved a bit disappointing yesterday along with the CB Leading Index statistics, but it is possible that traders may be positioning themselves for the Bank...
JPY & AUD – Yen Continues To Stay Strong
The JPY is slugging its way around the higher parameters of its value and the Nikkei stock index has been hit as its larger export companies have been hammered as fears of a strong Yen continue to...
What Fibonacci Says About the USD & The EUR
Fibonacci lines often generate the most heated discussions amongst traders. There are those that swear by them and those that claim the by-product is more haphazard and or random than predictive. If you are not familiar with...
USD – Double Dip Implications
A quiet day of economic releases greeted traders returning from the weekend, but the USD did manage to pick up some of its lost ground versus the GBP and EUR. Wall Street was slightly positive by day’s...