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FOREX VIDEO REVIEW: London Session June 22, 2009
We began today’s London session already enjoying a decent GBP/USD short trade from pre-London. However, we find ourselves at a Weekly central pivot point, and 4 hour 21 ema exactly at London open. Even if there would be further downside in the British Pound’s future, opening a major...
Usd/Cad reverses early rally
Here’s a good one, Canadian payroll data is worse than expected while US data massively trumps consensus, which shows us the sell USD reflation trade is still on. With commodities also enjoying a huge lift from the payrolls the Loony is a major beneficiary, currently at 1.0983 after hitting...
Forex trends: US dollar rises and then weakens versus majors ...
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USD making modest gains
In what has been a typical Asian morning session, some of the overnight moves are being consolidated or retraced. Others would call it momentum killing. I’m not complaining, my USD/CHF hourly chart is starting to look like it might build a constructive base around 1.0770 although this might...
FOREX-Dollar gains vs euro and yen after US job report
The market is bailing out of euros now," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey. "The view here is that these ... See all stories on this...