Month: June 2011

Greetings. Let’s take a look at the AUD/JPY chart. You can see we had a steep rise in March and now in the 3rd month of a declining channel. If you take the Fibonacci from the extreme...

The euro felt pressure versus the US dollar this morning, with the pair’s price reaching a one-month high near 1.4700 then entering a moderate decline. Soft data out of the American economy last week forced a reevaluation...

The broad markets including Forex and commodities largely danced around existing ranges on Wednesday. While the USD did fight off an early rise in value from the EUR, by the end of the day prices basically mirrored...

06/09/2011 06:02 UTC GBP swings higher as it strengthens against the USD, JPY, CHF, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 4 out of 8, thus suggesting that the current swing may...

Please find hereafter our daily update on the majors as of June 9th 2011. (Click on the dedicated link to access our forum post with the chart).

Market Review – 08/06/2011 21:36 GMT The single currency falls on fears over global growth Euro fell on Wednesday due to recent weak U.S. economic data and weaker-than-expected German economic data, dampening investors’ demand for risky assets.

06/09/2011 01:04 UTC JPY swings lower as it weakens against the USD, EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may...

06/08/2011 21:06 UTC NZD swings higher as it strengthens against the USD, JPY, AUD, EUR, GBP, CHF and CAD. Recent mid-term strength indicator reading for NZD is 7 out of 8, thus suggesting that the current swing...

06/08/2011 15:11 UTC EUR swings lower as it weakens against the USD, GBP, JPY, CHF, NZD and CAD. Recent mid-term strength indicator reading for EUR is 5 out of 8, thus suggesting that the current swing may...