EUR – Ireland Still Defiant
The EUR remains within the Irish storm that is causing investor unease and the possibility of other doubts causing fires. The EUR struggled in early trading versus the USD falling to new recent lows, but it did...
Month: November 2010
GBP – Plenty Of Data, But EUR Centric
The Sterling maintained an air of stability on Wednesday a day after declining against the USD. Claimant Count numbers were slightly better than anticipated, but the economic outlook for the U.K. remains cloudy and its housing market...
USD/CHF Outlook
Greetings. Let’s take a look at the USD/CHF hourly chart. It seems we’re flirting with the high from early November but look for a potential small retracement down from its current price and then turn back up....
JPY & AUD – Ranges Will Get Tested
The JPY traded in a consolidated manner on Wednesday as bourses found some stability. The sudden weakness (albeit slight) in the JPY may be positive development for the Japanese export companies, but it will take more than...
Irish Debt Crisis Remains the Center of Attention
Slight optimism is apparent in the markets this morning as European Union and International Monetary Fund officials travel to Dublin to discuss a possible aid package for the nation’s troubled banking sector. The Irish debt crisis is...
Daily FX Market Outlook-18-11-2010 by AceTrader
Market Review – 17/11/2010 23:12 GMT Euro rises on weak U.S. inflation and housing data The single currency ratcheted higher on Wednesday as less-than-expected rise in U.S. CPI and weaker-than-expected housing starts gave support to U.S. Fed’s...
Candlestick analysis of the EUR/GBP for 17/11/2010
On a daily graph the EUR/GBP pair is consolidating near the Fibonacci correction level 61.8. However, the viewpoint is bearish, as the downside trend is maintaining. The decline to the support level of 0.82 is expected if...
Recent Recommended Trades by AceTrader
Update Time: 17 Nov 2010 08:04GMT INTRA-DAY EUR/USD OUTLOOK – +1.3470+ Euro’s retreat after intra-day brief but strg rebound fm 1.3468 to 1.3518 suggests consolidationwith downside bias is seen but breach of said Asian1.3468 low is needed...
The Dollar is Back
Gold Gold penetrated the rising trendline which had been in place since September, signaling a potential trend change. The strong momentum on the way down suggests that selling is likely to continue. Yesterday’s steep decline puts it...
Daily technical analysis
USD/CHF:A resistance level on 0.9731 was crossed and during yesterday’s trading session, and clearly closed above it.AUD/USD: Following an uptrend, which lasted for several months, the pair began to decrease back a few sessions ago by crossing...