Currency bounces after data shows Australia’s trade surplus rises to a record high in 2011 while Swiss franc loses some of its recent strength
Aussie dollar hits five-month high
Source: www.ft.com
Read more...
Just ignore the yellow bit
Wouldn’t it be great if you could just go back an erase the perverse price action that wrecks otherwise perfectly good chart patterns? Just ignore that yellow highlighted part on the hourly EUR/USD chart and you have a head-and-shoulders top playing out. The measured move objective is...
EUR and USD in Struggle for Dominance
By ForexYard - With the recent volatility in the forex market, one currency pair seems to stand out: the EUR/USD. This...
All Eyes on The US Non-Farm Payrolls Release Tomorrow
The Dollar gained considerably ground in yesterday’s trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a number of factors, such as the U.S. Unemployment Claims...
GBP-USD-daily review by Real-Forex
GBP-USD Date: 08.01.2012 Time: 16:40 Rate: 1.5428 Strategy: Short/Long 4 Hour Chart The price is very close now to the lower ranging level on...
WORLD FOREX: Dollar Rises As Gloomy Outlook Prevails
LONDON (Dow Jones)--Gloomy global sentiment prevailed, helping the dollar to make gains against most other majors in Europe Thursday. Stronger than expected employment data from Australia did boost risk appetite at one stage earlier in the day but the move was brief and investors soon lost...