FXstreet.com (Córdoba) - After extending its 11-week high to 114.72 during Wednesday's European session, EUR/JPY has been retreating steadily and is back ...See all stories on this topic »
Forex: EUR/JPY tests 113.40, now as support
Source: community.nasdaq.com
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EUR/USD stops tripped as 1.4070 gives way
Support at 1.4050 is being tested as EUR/USD liquidation continues. Stops below the 1.4070 levels have been trigger on this latest slide. 1.4015 is next support should the pullback extend. One interesting note in EUR/USD: we have not closed below the 10-day moving average since late april. That...
Foreign Direct Investment in China remains sluggish
The total FDI in the first five months of the year was just over $34 billion, which is down 20.4% on the same period in 2008. The first four months saw a fall of 21% so there has been a slight...
Labour facing disastrous election results
The European elections did not go well for Gordon Brown’s Labour party but you are going to have to make your own mind up as to whether this is good or bad for the pound, as I’m not too sure. Cable has topped out at 1.66 and falls back towards 1.50 look on the cards but the uptrend...
GBPUSD may be forming a cycle bottom at 1.6058
GBPUSD may be forming a cycle bottom at 1.6058 level on 4-hour chart. Consolidation in a range between 1.5800 and 1.6058 would likely be seen in...
Foreign exchange trading is not cause and effect trading
I`ve tried to explain this type of thing many times - i think there is not an 100% correct answer because if there was, we all would trade the same way. The bottom line is foreign exchange trading is not cause and effect trading. Currencies lead and lag and relationships sometimes heavily correlate...