A close below 1.3120 would indicate the end of bullish correction and continuation of Euro's depreciation. The price should then fall to 1.2900/1.2855 and eventually tumble down to 1.2530/90. There were no significant changes observed in the ratio ...See all stories on this topic ยป
Morning Forex Technical
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New York forex wrap-up; Risk equaled reward, for a time
US weekly jobless claims fall to 601,000 , -24,000 US retail sales rise 0.5%, ex-autos rise 0.5%. Gasoline price rise impacts IMF raises 2010 GDP outlook for the US to 2.4% from 1.9% French official: Keeping eye on currency market; volatility hurting economy Volcker: No practical alternative to the...
GBPUSD failed to break above the trend line resistance
GBPUSD failed to break above the trend line resistance and dropped from 1.5488. Now the fall from 1.5488 could possibly be resumption of...
USD/JPY Consolidates With High Volatility Between our 2nd Tier Trend Lines
By Fast Brokers - The USD/JPY is exhibiting some interesting consolidative volatility while bouncing between our 2nd tier...
China still a net importer of steel in May
China remains a net importer of steel in May, importing 53.46 million tonnes of iron ore, slightly down from April’s record 57 mio tonnes. This markes the 3rd month in a row that imports have exceeded outflows for China, a country that has been a net steel exporter since...
Traders like simple concepts
Only central banks can finance the US deficit. Fact, right? Nto necessarily, notes Macro...