Choppy Euro Today
Tuesday, November 17th, 2009LONDON: Choppy Euro trading remain today as EURUSD keeps range. But what’s keeping the boil on Traders, EU politicians and central bankers minds ticking is the euro surge.
The single currency is poised on rising higher against a weak U.S. dollar and an undervalued Chinese yuan.
A high-ranking E.U. delegation is now set to travel to China [...]
GBPUSD Risks Sentiment Rises To 1.70
Wednesday, June 24th, 2009GBPUSD is powering ahead today from yesterday’s low of 1.6204 and is now testing strong resistance of 1.6560.
Cable’s Intraday Gain Evaporates
Friday, February 13th, 2009It started so well today with the market setting up for intraday rally. So it did with minimal news to sway opinion any other way. As analyzed in our earlier post, “Cable Analysis” below, the market broke the 38 and 50% resistance barriers on the Fibonacci numbers reaching the 1.4600, (over 40-pips above our expected level).
Euro Falls Again
Tuesday, November 11th, 2008LONDON — The euro dollar maintained its October undertone this morning spiralling down to another six-day low. From the height of early morning trades at 1.2800, the euro fell sharply to 1.2517 dropping over 280 pips against the US dollar by mid-noon. Could this be the sign of euro giving back some of its last three years gains?
Forex Trading – Taken Out Twice Already.
Tuesday, September 18th, 2007Sentiments are beginning to shift upward-bias on intraday. The pivot level still stands at 228.32 and we going long above 228.60/65 with near-term targets @ 229.65 and 230.50 if extended. But if the pivot is violated again, we could be seeing a further downside move with 227.75 and 227.08 as targetted possibilities.
