Hello forex peeps! On today’s fx feature is the 4-hour chart of the fiber or the EURUSD pair. In my previous post about it (please see it here) last...
EURO Soared Over the US Dollar On Dismal NFP Result – August 6, 2010
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Cable touch firmer early
Cable is a little firmer in early European trade, presently at 1.6345. General risk sentiment is in pretty good shape, while the USD is struggling as the realisation grows that we’re not likely to see an early US rate hike. Recent improved UK housing data and PM Brown’s political...
EUR/USD back below 1.39; EUR/GBP weighs
EUR/USD’s rally has been cut short with significant supply in the 1.3900/25 area capping the midday rally. EUR/GBP remains under pressure this afternoon as GBP shorts set up i the last few days are badly squeezed. Today’s GBP rally is surprising given the political disarray in the UK at...
Distribution of USD/CHF daily high and low during a day
The pattern of daily lows and highs for USD/CHF is not too different from EUR/USD and GBP/USD. This study is added for the sake of...
Yemen Oil Production: The Arab Spring’s Quiet Revolution
As tension boils in the Middle East, oil prices are surging once again… Over the past four weeks, crude oil has risen to $107 a barrel over...
USD/JPY still falling
Bids between 97.00/25 are currently soaking up some heavy selling, with 97.02 the low thus far. One dealer has mentioned some heavy stops below the figure but no confirmation there as yet. The bearish momentum is certainly gaining strength. The Nikkei is down 1.75%, adding to...