The global stock markets were sent crashing last Friday when the political turmoil in Egypt escalated. The major indices in Asia, namely the Nikkei,...
Unrest In Egypt To Rattle The Global Financial Markets
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EUR/USD trying to steady at lower levels
EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of...
FOREX VIDEO - London Session Review - October 22, 2009
Yesterday we enjoyed quite a Piptopia on the British Pound breakout of a Daily trendline to the upside. Sure enough, today was our opportunity in London to short it back down to the trendline retest. Pre-London gave us our first lower high to work with on the GBP/USD, and the 2hr EUR/GBP started...
Fundamental Outlook at 1400 GMT (EDT + 0400)
By GCI Financial - The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers...
USD/JPY in unusual role: Leading Man
USD/JPY has surged to the forefront after a months-long slumber today. The buck is getting a major boost from firmer yields, Though the are easing from their highs (10s at 3.80%). USD/JPY is well above its 200-day moving averag and may challenge trendline resistance at 98.27, drawn from 101.45...
UK house prices fall at lowest rate in 18 months
The RICS house price balance was -44 in May from -59 in April. Sterling usually does not react to this data during Asian time but may do so in early...