As Ben Bernanke spoke yesterday the broad markets suddenly began to move in a risk adverse manner. Upon the words ‘unusual uncertainty’ Wall Street wobbled and finished the day in negative territory and the USD finished off...
PMI data will come forward from the E.U today via Germany and France and the results from the Flash Manufacturing and Services readings are expected to be rather mixed.
The Sterling lost value to the USD on Wednesday as risk adverse winds began to effect traders. Today Retail Sales will be released from the U.K. and a result of 0.5% is the estimate.
The JPY continued to prove a magnate for safe haven traders as uncertainty within the international bourses made the Japanese currency stronger. The JPY finds itself gaining momentum on unease that exists within Asian equity markets.
USDJPY: We are seeing strong JPY Support building in at 87.50. The JPY is also in the middle of a volatile Step pattern which is generating lower highs and lower lows. If the JPY breaks Support and...
The USD gained on the EUR, but produced rather range bound trading versus the GBP and JPY on Tuesday. The greenback advanced against the EUR, but its move will be interpreted as rather tranquil by most.
The EUR lost some ground to the USD on Tuesday, but it did not happen with any great force. There was little in the way of economic data from the E.U. yesterday except for the German PPI...
The Bank of England will release the MPC Meeting Minutes today, but no great surprises are expected. The Sterling has found calm waters the past two days of trading as it has essentially range traded. The U.K....
The JPY continues to trade in a strong manner, but did give some of its gains back to the USD later on Tuesday. Nervous bourses throughout Asia have created a rather palpable run to the perceived safe...
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
