Currency pair AUD/USD moves down aimed at 0.9646. On the whole, long-term outlook remains bullish as the uptrend is still taking place. However, it is recommended to close long-term positions in case of the support level 0.9646...
As expected Thursday’s trading was rather muted as the United States celebrated Thanksgiving effectively taking a massive amount of volume out of the markets. Friday will start basically in the same ranges that the markets have seen...
A potential bearish chart pattern signals a drop in the price of gold.
On a 4-hour graph the USD/CAD currency pair is declining again after it bounced off the resistance level 1.0263. As of now, the outlook remains bearish.
USDCAD After testing the falling trendline, prices have resumed their downward trek. Interestingly the move down today is symmetrical to the move up that took price up from 1.01 to 1.0240 (see green box), a week ago....
The EUR/USD dropped to new lows. Asian and European trading sessions: Euro: The euro hit new minimums on Wednesday, as the rating agency “Standard and Poor’s” reduced the sovereign ratings of Ireland both long-term and short-term. The...
Britain and Japan appear to be releasing the bulk of today’s news as today is Thanksgiving Day in the U.S, and there is no economic data releases from the region today, which means we may see a...
Market Review – 24/11/2010 21:20 GMT Euro falls to 2-month low on worries over Irish debt problemsDespite euro’s sideways trading in Asia on Wednesday, increasing concerns over eurozone debt contagion weighed on the single currency. Price extended...
Market Review – 24/11/2010 21:20 GMT Euro falls to 2-month low on worries over Irish debt problemsDespite euro’s sideways trading in Asia on Wednesday, increasing concerns over eurozone debt contagion weighed on the single currency. Price extended...
On a daily graph the EUR/GBP is again showing the decrease after a slight pullback. The outlook is still bearish, as the downtrend remains. As it was mentioned before if the level of 0.8451 is broken through...
