The EUR continues its decline against the Dollar on concerns the credit ratings of more European nations will be lowered. Spain had the outlook on its debt grade cut to “negative” from “stable”. Greece’s credit ranking was...
EUR/USD Open 1.4729 High 1.4758 Low 1.4691 Close 1.4731Euro/Dollar made an insignificant bullish movement on Thursday, reaching hights of 1.4758, and closing the day at 1.4731. This fact should be considered as a failure of the bears...
I recently received an email from a new trader who found himself in a losing trade and didn’t know what to do.
After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.
Dollar Rally Continue? We went right to the point on Tuesday where resistance would kick in, 1.4770-1.4780, and it went right to 1.4780 but could not get above. This has set up a bearish formation on the...
Forexpros Daily Analysis Dec 10, 2009 Fundamental Analysis: US Census Bureau The US Census Bureau will release the Core Retail Sales report tomorrow (Dec 11). The report is a monthly measurement of all goods sold by retailers...
GBP/USD Open 1.6266 High 1.6344 Low 1.6167 Close 1.6268Pound/Dollar made a significant downward movement on Wednesday, reaching a bottom at 1.6167, from where the Cable sharply jumped to the 1.6344 top, closing the day at 1.6268. This...
After three days of continuous gains, the U.S. Dollar ended its winning streak Wednesday, as traders began to turn to riskier currencies amid a positive day on Wall Street. Subsequent gains made by the EUR threatened to...
GBP The United Kingdom’s Finance Minister, Alistair Darling indicated that he will probably raise the estimate of borrowing by the government from a record 175 Billion Pounds, admitting that the recession has been deeper and required more...
EUR/USD Open 1.4735 High 1.4777 Low 1.4676 Close 1.4706Euro/Dollar continued weakening on Wednesday insignificantly, breaking down the 1.4677 support level on the 3 hour chart, where the bearish momentum was limited. Quotes than jumped up, towards the...
