By eToro – The Euro consolidated near 1.27 as better than expected housing numbers and strong Asian data kept the Euro from retreating. The market is...
Forex Daily Market Review Sep 01, 2010
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Germans point to Qatari fund over talks with debt-laden Porsche
A Qatari state investment fund is preparing to make an investment in Porsche, a German magazine...
It slices, it dices
Mr. Market is slicing and dicing again today, as bid now as it was offered just under 24-hours ago when it fell to 1.3914. Reports of central bank interest at both 1.3950 on dips and 1.4150 on rallies remains operative, as far as I can tell. Buying strength is strongly discouraged in this...
GBPUSD rebounded from 1.5977
Being contained by 1.5962 support, GBPUSD rebounded from 1.5977, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise...
EUR/USD technicals
Not much in the way of support until the 20-day MA at 1.3890 but it is the previous low at 1.3800 and the 38.2% retracement at 1.3780 which provide the stronger base. Resistance levels are also scarce until 1.4050/65, a prior high/low...
What's Wrong with this Picture of the Forex Market?
Can anyone remember the last time this occurred with such a calm market reaction, even allowing for a partial holiday? Initial theories seem to be that risk is back on and global recovery is in full swing, which are plausible, albeit remotely at this early stage. However as yesterday’s Cable...