LONDON: Yen powers away on morning trades as investors find entry positions in a weak and feeble euro markets after recent weeks poor macro report. The EUR, GBP and USD, all opened lower from Friday’s trading session as these currencies were seen as riskier haven. The one that has suffered the most ‘bloody nose’ is [...]
LONDON: Euro Rests at Pivot today on intra-day trading. The day began slowly with traders feeding on crumbs and playing snatch and grab for pips on overnight trades from Asia and Pacific sessions. The August UK Public Sector Finances, news brought some volatility to the pound sterling and the euro related currencies. This led to [...]
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Euro recedes to 40 pips range amid low volatility. The euro has seen a bearish week as it emerge from last Friday’s stalemate with London. With investors looking for safe haven in other currencies like the dollar and sterling, most traders could say they saw it coming. As the euro has fallen into the range market, could [...]
USDCHF is by far our chart of the day. The Swiss central bank, SNB drew a defining line for the franc today in an effort to stem its recent rise. This action sent shock wave through the market.