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EUR/USD extends losses
The aforementioned buy orders helped slow the decline in EUR/USD for awhile, but didn’t manage to stop it. We’re presently at 1.3875. Technical support now at 1.3845/50. Slightly heightened risk aversion (S&P futures off 9 points at writing), ongoing concern over the Baltic states...
Will or will not ECB raise rate?
Will or will not ECB raise rate? The answer is not as importnat as it seems… What a trader would like to know, is NOT if the ECB gang will or will not raise rate… What a trader would like to know is: which wines will they drinking during the meeting, following PAR ideas and...
Forex Technical Analysis for 06/15—06/19 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd...
USD/JPY order book
Heavy sell orders yesterday in USD/JPY between 98.60/80 did not get filled and these offers may move lower today. Some dealers are expecting the sellers out of Tokyo to place their orders around 98.10/25. Solid bids are still noted at 97.50 and especially between...
EUR/GBP - Short Term and Long Term Views
EUR/GBP has turned from a investment pair into a trading pair. Ever since the financial world became unglued (late 2007? Summer 2008?)...