Greenback has fallen more than 2 per cent in just a week against an international basket of currencies including the yen, euro and sterling to its lowest level since mid-April
Faltering US recovery trips dollar
Source: www.ft.com
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Price action taking its toll
Lots of grumbling out there from both the professional and individual trader community today as prices rally and reverse and then slide and reverse. After lots of to and fro but not much new from a fundamental perspective to cling to. The main headlines today (Russia and Brazil cozying up to the...
Lots of buyers in the AUD/USD
As we mentioned earlier this morning, all the weak stops were triggered in the AUD/USD below .7875 last night in early Europe and now there are lots of buyers emerging from the woodwork. The AUD/USD has jumped from .7880 to .7930 already this morning and one dealer I spoke with sees it going to...
AUD/JPY intraday seasonality overview, 2003-2010
This report continues a new series of reports about intra-day "seasonality" effects in FX. Like in EUR/USD, the hourly movements in AUD/JPY do not precisely average to zero for every hour of the day. Moreover, there appears to be a statistically preferred time to bet on a trend reversal in AUD/JPY....
EUR/USD technicals: trend still bullish
The move from 1.4340 to 1.3800 can be considered a completed retracement and the market is gearing for the next push higher. The subsequent bounce from 1.3800 to 1.4180 has also completed a retracement, 61.8% in this case to 1.3950, and this level is now expected to be the base for the next push...
EUR/USD Sets Its Sights On 1.40
By Fast Brokers - The EUR/USD continues its balancing act from our 2nd tier uptrend line, and is making a push for...