Month: September 2010

Earlier at 4-hour graph the EUR/USD pair has formed the Shooting Star candlestick which gives a bearish sign. This candlestick formed after that the currency pair had made a huge upward motion, but a breakthrough failure of...

Concerns over the European economy rehabilitation reinforced. Asian and European trading sessions: Euro: Thursday saw the euro stepping back from the previously reached maximums against the greenback. The released Euro-zone fundamentals escalated investors’ concerns over the rehabilitation...

The major currencies had another day of range trading and the USD still has not been able to muster enough strength to remove itself from the weaker side of its trend. The Federal Reserve’s FOMC Statement continues...

With rising fears about additional monetary easing by the Federal Reserve, speculators have begun to exit many of their USD positions in favor of higher yielding assets. Bank intervention in Japan also has many investors weary of...

Market Review – 23/09/2010 23:07 GMTEuro falls on worries over eurozone’s economic recoveryEuro weakened from a 5-month high against dollar on Thursday, as worries about the growth of European economy resurfaced after the release of weak Irish,...

According to wave count this currency pair is now developing impulse wave C of the corrective A-B-C cycle. This cycle is considered a corrective wave to the impulse 127.62-135.03. The nearest targets below the current level are...

The US dollar traded near a five-month low versus the EUR before a U.S. report today that may show existing home sales are close to a 10-year low, adding to signs the world's largest economy is struggling...