Those three factors about sum it up to explain why the EUR/USD, GBP/USD, EUR/JPY, and GBP/JPY came under pressure, each losing several hundred pips to the ...
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Forex and Financial Market Update 15 June 2009
Source: www.forexrazor.com
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Patterns of financial crisis: USD/CAD in 2007-2009.
With USD/CAD, I am continuing the series of reports focusing in the time evolution of the forex correlation shapes during the present financial crisis. Extending the time coverage up to the end of March, I see the need to make the picture a bit more complex with three, rather than two phases with...
FOREX VIDEO - Pre London Outlook September 8th 2009
Hey everyone, good to be back after a long weekend. Labor Day typically signals the end of summer and more importantly “summerish” trading conditions. For this outlook video I take a look at the Euro and Pound USD. Euro has been showing some good relative strength lately and conversely Pound...
FOREX-Dollar slips; mkt eyes US CPI, BoE for direction
LONDON, Nov 18 (Reuters) - The dollar eased back on Wednesday from its biggest rise in three weeks the previous session, as traders awaited U.S. inflation data and minutes from the Bank of England's November meeting for further direction. The dollar had rallied on Tuesday on the back of rare...
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...
Cross action likely to dominate
Cable and AUD/USD are exactly where we left them yesterday but the EUR and JPY have been hurt on the crosses. EUR/GBP was a big mover but as I’m not short already, I’m not going to start chasing it. I have some strong support coming at .8490 (technicals to follow). My feeling with...