USDCHF formed a short term cycle top at 1.0794 level on 4-hour chart. As long as the channel support holds, the pair ...
USDCHF formed a cycle top at 1.0794
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Dukascopy Morning Forex Overview - Sept 16 09
Previous session overview The dollar fell to almost a nine-month low against the euro in Asia Wednesday as investors reduced dollar holdings on views that the U.S. currency may weaken for now due to pessimism over the U.S. economy. Investors have been selling the greenback across the board as they...
A few more comments hit the wires
More from Fed’s Fisher, says global economy still has “an awful lot of slack” and that the US Banking system has been pulled back from the brink of systemic risk. US Treasury’s Geithner has seen encouraging signs in credit conditions in recent weeks. EU’s Almunia says...
Beware the tape bomb
As finance ministers gather in Italy for a G7 meeting, beware the odd headline crossing the wires and wreaking havoc with the market. Reports swarm like flies at these things, shoving microphones in front of anything remotely resembling a government official. Off the cuff comments can be...
EUR/USD Snaps 2 Days of Growth as U.S. Fundamentals Disappointed
EUR/USD fell by the largest extent since April 27 today as the U.S. macroeconomic indicators failed to maintain the bullish interest in the high-yielding currencies. The oil inventories rose also pressing on the oil prices and thus on the commodity currencies....
EUR/GBP long term technicals
The 61.8% Fibo at .8490 should provide initial support but a break below there will target an interim low at .8260, which also coincides with the long term trend line. The previous important low at .8635 is now the first level of resistance with little behind there until...