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EUR/USD Forms a Head & Shoulders Pattern
By Fast Brokers - The EUR/USD registered rising volume to the downside again, showing there is more interest on the sell-side these...
Watch 1.6000 barriers as reversal takes hold
The greenback is screaming higher after the Lockhart comments. If markets get disorderly, watch for the barriers at 1.6000 in cable to come under...
Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...
Order Books
A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning; Heavy buying interest in USD/JPY at 97.25/50 EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65 A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in...
EUR/JPY drifting lower
EUR/USD is back at it’s opening level of 1.3890 and USD/JPY is on it’s session lows at 98.25. This means of course that EUR/JPY is lower, currently trading at 136.50 after posting a high at 137.30 earlier in the session. Dealers say that interest is very low and it is a case of small...