GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525)...
GBPUSD stays below a falling trend line
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Markets stabilizing; USD dipping
EUR/USD is recovering, back to 1.4032, as equity prices and commodities turn positive on the session again. The unemployment report continues to be chewed over by the market several hours later, an unusual situation, to say he least. The debate will have fewer participants than normal this...
FOREX VIDEO - London Session Review - July 31 2009
Just as we opened the London session today, we immediately found ourselves in a beautiful price trap on the GBP/JPY on a 15m/hourly basis. This trap had a very precise bottom at 157.29, which just so happened to be overlapping our new hourly 21ema, and happening exactly at the London open. Also we...
World bank chief bullish on China
World Bank chief Zoellick says that he’s unsure where global demand will come from for an economic rebound but he does see China surprising to the upside. Efforts to move China to a more international currency system is a good thing, he said. EUR/USD is well supported, continuing to absorb...
Euro Takes a Unexpected Drop
Source: ForexYard Following the announcement that the ECB would offer longer term lending options to European banks the euro took a surprising...
USDCAD rebounded to 1.0093
Being contained by 0.9979 support, USDCAD rebounded to as high as 1.0093 level, suggesting that a cycle bottom is being formed on 4-hour chart....