In the prior post we acknowleged that the pair was using the 100 hour moving average as support, and it is still holding. The pair has been slowly.
Forex Trading: EUR/JPY Grinding Higher | Daily Markets
Source: www.dailymarkets.com
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EUR/USD Moves Higher Despite Weak French Industrial Production
By Fast Brokers - The EUR/USD is rebounding past 1.40 despite weaker than expected industrial production numbers from both Germany and France...
Dollar continues to weaken
as the story, mentioned in an earlier post, in this mornings UK Independent continues to gain momentum. Sterling close to breaking 1.6000, currently trading at 1.5995, Euro-dollar trading higher at 1.4725 and dollar-yen lower at 88.95. Gold on this dollar weakness looking to break...
Barclays/Blackrock only half cash
One factor that may be helping undermine the pound slightly is the fact that the Barclays the terms of the sale of BGI to Blackrock call for only about half the purchase price to be paid in cash. The rest will be paid in stock. That leaves about GBP 4 bln to flow toward Barclays when all is said...
Jobless Claims Fall Again Showing Signs of a Recovering Economy
The Labor Department reported on Thursday, jobless claims numbers didn’t change between this week and last, keeping numbers down and seeing...
FOREX-Euro edges up but markets skittish
The euro rose against the dollar on Monday as risk-averse sentiment eased on improved economic data and as stocks pared losses, but markets remained skittish before key central bank events and U.S. jobs data this week. European stock markets shed losses made at the outset on news that CIT Group...