AUD/USD has developed waves A-B (0.9539-0.9967-0.9755) of medium term uptrend – colored red in the chart – and is not developing wave C. This wave consists of subwaves A-B-C with subwave C still developing – colored red...
ForexPros Daily Analysis December 14, 2010 Fed day. Be very aware. We are at key levels, let the volatility of the Fed allow the markets to decide what direction they want to go. Looking long but I...
British Consumer Price Index emerged to be almost alike with expectations and enduring UK inflation tendency. As some wise professor said – “robust economy has to slide on something” – current 3.3 percent inflation ought to be...
EUR/JPY: A resistance at 111.58 was crossed yesterday after an uptrend started 2 weeks ago. EUR/GBP: Please notice the following event: After a downtrend started a few weeks ago, the pair closed at a support a little...
The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. The Fed Statement is expected to provide an assessment of the current economic...
Hello everyone. Let’s update everyone on the EUR/USD. After seeing the bottom last month, we saw a steep rise up followed by a downward channel in December with a recent steep rise up again.
Market Review – 13/12/2010 21:25 GMT Dollar tumbles on worries over US deficit Dollar fell sharply across the board on Monday as Moody’s warned that US tax package increased likelihood of negative outlook on US AAA rating...
Last week the growth of the AUD/USD currency pair was limited by the resistance level of 0.9965.Earlier on a daily chart the AUD/USD has formed the combination of candlesticks Bullish Engulfing, which indicates the upside movement, confirmed...
ForexPros Daily Analysis December 13, 2010 Euro Dollar: On the daily, the chart is getting messy, but ultimately its showing the euro in a series of shorts, with strong support at the 1.32002, a 50% long. The...
On the opening day of the week the market is in indubitable good mood. Practically no reaction on China bad news confirms that statement. Chinese CPI was 5.1 percent high and PPI equaled 6.1 percent.
