The British prime minister says eurozone policymakers are still far from finding a solution to the currency bloc’s underlying problems
Cameron rebukes euro leaders over crisis
Source: www.ft.com
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We used to sell dollars on bad auctions; now we sell dollars on good auctions
Heads I win, tails you lose. That’s the way things are working for the greenback. News is either dollar bearish or it is supportive of the US economy which increases risk assumption, the reflation trade, yada yada… No helping matters are comments from the Fed’s Lockhart who says...
EURJPY: ranges getting tighter
It seems that the EURJPY range has been shriking over the course of this week, with Yen crosses taking a back seat to straight USD positioning. Its been unable to crack above yesterday’s high of 138.05. Buyers are seen at 137.00-20 with stops below. Sellers 138.00-10 then 138.30. It needs to...
Euro Zone Increases Bailout Firewall to $1.06 Trillion
It seems Euro Zone finance minsters listened to the call for more money.They agreed on Friday on a temporary increase in their financial rescue...
Dukascopy Morning Forex Overview - Sept 14 09
Previous session overview The dollar marked a fresh multi-month low against the yen in Asia Monday, and traders said the currency is likely to fall below JPY90 this week due to growing pessimism over the outlook for the U.S. economy. The greenback fell to JPY90.18, its the lowest level since Feb....
FOREX VIDEO - Pre London Outlook August 28th 2009
Hey Everyone. Tough London trading prevails however we are trading in the context of some longer term direction especially on the Pound related pairs. In this presentation I draw up a conservative trade plan for Pound Yen and Cable. Lots of Fibonacci work today as well as longer term chart use for...