By Dan Eduard – Upbeat US data gave riskier currencies a rare boost yesterday, as investor confidence in the global economic recovery went up....
EUR and GBP Boosted due to Higher Risk Appetite
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EUR/USD technicals: trend still bullish
The move from 1.4340 to 1.3800 can be considered a completed retracement and the market is gearing for the next push higher. The subsequent bounce from 1.3800 to 1.4180 has also completed a retracement, 61.8% in this case to 1.3950, and this level is now expected to be the base for the next push...
USD Quivers from Chrysler-Fiat Ordeal
By ForexYard - After gathering some positive momentum at the end of last week from US employment data, the US...
Latvian budget vote Tuesday
Should pass, says parliament budget chief. If it fails, look for some EUR weakness owing to concerns to western European banking exposures and fears of a domino effect. A few oither tidbits: Traders note good selling of cable from German names in the last few minutes. There is also talk of large...
Daily Forex Analysis - June 10, 2009
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 ... See all stories on this...
FOREX-Dollar falls as US debt concerns weigh
By Harpreet Bhal and Jessica Mortimer LONDON, June 11 (Reuters) - The dollar fell broadly on Thursday, dented by concerns about rising levels of US debt and ... See all stories on this...