Archive for June, 2008
« Previous EntriesEUR/JPY - Setup For 18-Year High
Wednesday, June 25th, 2008Euro-Yen, EUR/JPY - a fast becoming popular cross in the forex trading community has set itself up for an eighteen-year-high of 188.09. Click chart to Enlarge.
In recent months this cross has been consolidating for this move. A few weeks back we blogged about lack of direction - EUR/JPY At Crossroads. What a great difference a [...]
EUR Spikes on Consumer Confidence
Tuesday, June 24th, 2008The US consumer confidence Report came up short from concensus this afternoon. It fell eight points from the expectation of last month’s report which came in at 58.1 per cent. Even the revised value of 56.0% was far from what was announced. The resultant effect was that the news dragged the USD, dollar down against every other pair. What [...]
Oil Prices See Rally Again!
Monday, June 23rd, 2008Once again, oil prices, energy bills and global food shortages are hitting the limelights of our daily news and various airwaves. With household outgoing bills on its ascendency by the moments, many are asking the question, ‘when will this would end?’
In 2008, we have seen crude oil prices accentuating its position towards the $140 ~ [...]
