Market Review – 13/01/2011 21:53 GMT Euro surges broadly on short-covering due to Trichet’s hawkish comments Euro rose sharply across the board on Thursday after head of ECB Trichet expressed concerns about inflation. Traders bought the single...
The GBP/JPY is now moving within subwave C (colored red in the chart) of daily impulse wave C – colored royal blue in the chart. The targets of the upmove are Fibonacci retracements of 133.03-125.47 and expansions...
Beige Book report saves the greenback. Asian and European trading sessions: Euro: On Wednesday the EUR/USD pair started to strengthen and reached the $1,3000 level during the morning trading. Euro continued to strengthen after the successful auction...
A positive element to emerge from yesterday’s economic events from the United States was a reduction in the Federal Budget Balance, from a deficit of $150.4B to a deficit of $80.0B. Following this news, the USD began...
Greetings. Let’s take a look at the GBP/JPY hourly chart. We’re fast approaching the trend line drawn and the recent upward movement appears it could be a potential Ending Diagonal (ED). We like trading Ending Diagonals because...
Market Review – 12/01/2011 21:41 GMT Euro surges versus dollar as Portugal auction demand rises The euro strengthened against the dollar on Wednesday after Portugal sold bonds due in 2020 at a yield of 6.716%, lower than...
Euro managed to strengthen over the greenback. Asian and European trading sessions: Euro: Nevertheless that euro was under pressure due to the concerns over the Euro-zone crises, certain factors rendered support to the euro. The Japanese government...
The USD/JPY pair is consolidating after it has successfully broken the resistance level 82.85. However, the viewpoint at the pair is still bullish and the upside movement is expected to resume in the nearest future.Earlier on a...
Main currency pair is currently stuck in the enduring upward correction. We hold an considered opinion that in scenario of present tendency sustained, the target is Fibonacci retracement the level of 1.3092. Factor that may hinder further...
The euro came off its New Year’s low following a rise in equities and a decision by Japan to buy European bonds that were being purchased as part of the European Financial Stability Facility. Spot crude oil...
