The market has been consolidating since the breakout of the daily triangle from last week. The outlook remains unclear given the macro-economics themes with market participants waiting for a significant catalyst to define their trading strategy.
Market Review – 19/07/2011 21:55 GMT Euro rises on optimism over EU summit The single currency edged higher on Tuesday due to optimism that a deal will be reached to provide further aid for Greece at the...
ForexPros Daily Analysis July 19, 2011 Is Reversal Next in USD/JPY? Following weeks or relative inaction, the USD-JPY finally sprang to live last week. The price found solid resistance at the 100 SMA, around 81.60, and sold...
Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
Quite trading session was witnessed in the FX market where in the USD remained flat by the end of New York close. It seems that the all the eyes are Euro Zone debt crisis and the US...
News of debt contagion spreading across the euro zone has several economists worried that a toppling of consumer confidence may be up next, followed by additional ratings downgrades that lead into an ever deepening spiral of debt...
AUD/USD fell on Monday as the markets around the world fell and risk was shunned. The latter hours of the day saw buyers coming into the pair to support it, just as they have for quite some...
EUR/USD had another bearish day on Monday, as the world sold off the Euro. However, as the Americans do on almost every day, they bought up the Euro, and seem to be the only ones supporting it...
The GBP/USD pair fell on Monday as traders shed risk and rushed for safe haven assets like the USD. The pair bounced off of the 1.60 level, but appears that it will attempt to finish near it...
USD/CAD rose on Monday, but fell a bit during the late hours of the session. The pair is still in a bearish run, and looks set to go lower before it is all said and done. The...
