USDCHF broke above the downtrend line from 1.0624 to 1.0464, suggesting that a cycle bottom is being formed at 1.0257 on 4-hour chart. Key resistance...
USDCHF broke above the downtrend line from 1.0624 to 1.0464
Source: feedproxy.google.com
Read more...
Dukascopy Afternoon Forex Overview - Sept 08 09
Previous session overview The euro and other higher-yielding currencies traded sharply higher against the dollar Tuesday as risk appetite returned to the foreign exchange market with vengeance. The euro broke above USD1.4500 early in New York, its highest level since Dec. 18. With the single...
Is Intervention for the Yen on the Horizon?
by Bryan Rich In the summer of 2007, Bear Stearns confessed it had spent $3.2 billion bailing out two of its funds that were exposed to the sub-prime market. At the same time, the yen carry trade marked its top. Soon thereafter, Bear Stearns went belly up, and the needle on the world’s...
Weekly Technical FX Preview – GBP Under Pressure
Source: ForexYard EUR/USD Momentum has now turned lower as falling stochastics appear on the monthly, weekly, and daily charts. Initial support...
Centre-right parties the big winners in Euro elections
If a general election was held in Germany tomorrow, the CDU/CSU party led by Frau Merkel would most likely be able to win power if it again allied itself with the FDP, as Kohl did with Genscher in the 80’s and 90’s. The FDP is a middle-of-the-road party and the CDU is the predominant...
EUR/USD Sets Its Sights On 1.40
By Fast Brokers - The EUR/USD continues its balancing act from our 2nd tier uptrend line, and is making a push for...