As noted earlier, 78.49, the 61.8% Fibo is a quite important level. it was test but is holding by a thread at the moment.
US index test critical Fibo support
Source: www.forexlive.com
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Nikkei reports Japan to remove “worsening” from economic assessment
According to the Nikkei Website, Japan will remove worsening from its monthly economic report. Recent behavior of Japanese investors would imply as much as they feel comfortable assuming more risk overseas. USD/JPY trades at 95.70 while EUR/JPY trades at 136.75, down from 137.43...
Tomas Cedavicius , forex-trends.com
GBPUSD has taken new highs at 1.5979. It looked like that the bears were controlling the situation, however bulls did fight back against them. ... See all stories on this...
Swiss Franc (CHF) LIBOR: technical predictability overview
I've outlined the original motivation to study historical LIBOR data from predictability point of view in the USD LIBOR article. I continue with the logarithmic returns technique that proved useful in forex. Like the previous reports, this document begins with historical LIBOR charts for the Swiss...
EUR/USD: bids at 1.3750 stemming the tide
It might only provide some temporary respite but some decent sized buying interest in the EUR/USD at 1.3750 looks to have halted the bearish momentum, for a few moments at least. Offers are expected to be heavy on any short-covering rallies back towards...
ECB comments continue to lean to the dovish side
The members of the ECB governing council are proving to be some of the people not as convinced by the economic recovery as the markets are. This time it’s France’s Noyer who says that fuctioning of markets has not been fully restored and that the key challenge is restoring confidence...