This fourth trading week of 2012 comes to a close with investors sending stocks lower following a disappointing GDP report. Hi.
Weekly Market Wrap: January 27, 2012
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Will or will not ECB raise rate?
Will or will not ECB raise rate? The answer is not as importnat as it seems… What a trader would like to know, is NOT if the ECB gang will or will not raise rate… What a trader would like to know is: which wines will they drinking during the meeting, following PAR ideas and...
FOREX VIDEO REVIEW: London Session July 24th, 2009
Today we open London in a rather choppy scenario short term, but once the GDP was released for Britain, the pound pairs proceeded to lose value quickly. After the initial strong news move we bounced solidly off recent lows and plotted a short trade plan off an overlapping resistance/Fibonacci zone...
GBPUSD stays below a falling trend line
GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at...
Dukascopy Morning Forex Overview - Sept 01 09
Previous session overview EURUSD has ended the month of August at high levels above 1.4330. This morning in Asia the Euro remained bid, climbing up to 1.4370 before the European open. This year’s high seen in July is not far away at 1.4440. Cable, which has underperformed in late August has...
EUR/USD extends sell off, but buy orders noted
EUR/USD has extended it’s early sell-off, presently at 1.3925 having just posted a 1.3917 session low. Risk sentiment doesn’t seem to be in very good shape; stocks oil down. Sources do however note some buy orders lined up at 1.3900 and then again quickly at 1.3885/90, which should at...