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FOREX VIDEO - New York Session Review - August 27, 2009
The US dollar had attempted, but failed, to make new gains against multiple currencies for a full round-the-clock cycle. During the final hour of European trading, the USD bulls seemed to give up, and the bears stepped in. Currency correlation, identification of basic support and resistance, and a...
FOREX VIDEO | NEW YORK SESSION REVIEW | June 2, 2009
The beleaguered US dollar could find little relief during today’s London and New York sessions. London traders who took the EUR/USD bounce from daily 5 ema, then closed the trade at the M4 pivot point, had already earned a 170 pip profit as the New York session got going. Although the...
Japan MOF: G8 may discuss exit strategies
A senior MOF official said today that finance ministers from the G8 may discuss exit strategies from extraordinary policy steps taken to combat the global crisis. He went on to say that he doesnt think Latvia will be a major topic at the G8 this...
Forex Market Update: US Dollar Remains Under Pressure, Led by AUD ...
The USD remained under pressure, led by AUD then GBP, which made fresh trend highs of 0.8264 and 1.6624 respectively. The broad-based selling pressure on ... See all stories on this...
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...