By Fast Brokers - Gold is topping out after making an incredible bull move on Friday. The precious metal seemed to have overextended...
Gold Zooms Towards $1000/oz
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The Greenback Rose After Strong Economic Data
The release of strong economic data from the U.S. economy led to a stock market rally in the U.S. and the rest of the world. This led to strong implications for the Dollar. The Dollar rose against the Yen, whilst dropping against the British Pound. However, there was very little movement against...
Usd/Jpy approaches trendline resistance at 98.25/30
The sharp turnaround in the Dollar’s fortunes has dismayed many a trader, but there now seems to be a real US is the first to come out of recession trade developing. Usd/Jpy has continued to firm taking out offers at 98.00 before reaching 98.20. Further gains will be tough as Jamie pointed...
FOREX VIDEO REVIEW: London Session July 8th, 2009
Today we found ourselves hitting support just as the London market opened while were were still in the midst of a solid 4hr/daily downtrend on cable and the yen pairings. While there is no reason to think the downtrend is over, the charts were certainly showing many clues of needing to hit some...
Japanese FinMin says USD to remain reserve currency
Japanese Finance Minister Yosano is on the newswires reiterating his opinion that the USD will remain the world’s reserve...
Euro Finance Ministers Say Yes To Greek Bailout Plan
By TraderVox.com Tradervox (Dublin) – Euro zone finance ministers have endorsed the second Greek bailout plan. According to...