Market Review – 15/09/2010 22:48 GMTDollar rallies from a fresh fifteen-year low against yen after BOJ’s interventionThe greenback surged against the Japanese yen on Wednesday as the Bank of Japan intervened in the currency market for the...
According to wave count this currency pair has just developed wave C of the daily downtrend and thus the whole downside movement from 137.75 (weekly wave A). The current upside movement is considered weekly corrective wave B.
ForexPros Daily Analysis September 15, 2010 Euro Dollar The Euro jumped strongly yesterday, even though it initially broke the support specified in yesterday’s report. We broke the important level specified in yesterday’s report 1.2920, and successfully reached...
The pair ended its trading within the descending correctional channel above after two attempts to retest its previously breached resistance, settling for the 38.2% correction of the upside wave from the trough at 0.4885 to the top...
Yesterday and early today may well go down as the sounding bell for the newest wave of volatility in the broad markets. The USD lost swiftly to the EUR in trading yesterday, but divergence was evident as...
The Yen rose to a 15- year high against the dollar on Tuesday after Japan’s prime minister won a ruling party leadership vote, reducing the chances Japanese authorities would attempt to stem yen gains. The USD/JPY fell...
EURUSDThe pair was able to achieve the awaited breakout yesterday strongly as it closely neared 61.8% Fibonacci correction at 1.3045, where it reversed to the downside to resume some bearish correction for the volatile bullish wave;
Crude touched resistance for the ascending channel that organizes the bullish correction, where it reversed to the downside and will retest the previously breached pivotal level at 75.40, meeting with the MA 50. Momentum indicators are entering...
Market Review – 14/09/2010 22:50 GMTDollar falls to a fresh 15-year low against yen The greenback tumbled against other major currencies on Tuesday on speculation that the U.S. Fed might announce another round of Treasury purchase program,...
The USD lost ground to the EUR in early trading on Monday as the effects of the Basel III accord brought clarity into the markets – supposedly. The U.S. did not release much in the way of...
