Greetings. Let’s take a look at the EUR/USD hourly chart. The underlying trend remains bullish but we are potentially in the middle of a 3 wave retracemeent.
Market Review – 17/05/2011 21:05 GMT Euro recovers in New York afternoon on improved risk appetite The single currency weakened to 1.4131 in Asia due to the selloff in aussie after the release of Reserve Bank of...
ForexPros Daily Analysis May 17, 2011 Euro, Pound Still in Measured Moves Short, Yen Near Lows Euro: On the daily, the euro continues in measured moves short, today reacting off its traditional 50% short at 1.42424. This...
Market review for 9 – 13. 05, 2011
Wall Street closed in red territory once again as investors found little reason to diverge from a seasonal lull that often follows first-quarter earnings. The “sell in May and go away” adage has some fundamentals behind it,...
Dollar looses shine after ten consecutive days appreciation; it seems that focus is increasing on the Fed’s decision about the interest rate decision.Benchmark equity index of the Dow Jones Industrials (DJIA) unable to trade beyond 12800 ranges...
Market Review – 16/05/2011 20:47 GMT Euro pares gains in New York afternoon on Greek debt concern Although the single currency opened lower in Australia and extended last Friday’s selloff to a fresh 6-week low of 1.4049...
ForexPros Daily Analysis May 16, 2011 Euro, Pound in Measured Moves Short, Yen At Bottom Range Euro: On the daily the euro is in measured moves short and coming close to breaking its longer term long, with...
The release of housing data and quarterly results from major retailers will likely put a double focus on consumer-driven stocks in the coming week as debt concerns loom. On Monday, the National Association of Home Builders is...
Another week begins with intense anticipation in the forex and commodity markets. Will silver and oil bounce back from their recent collapse, or will we see another red week with tremendous market instability. Either way, we are...